139 Tanglewood TRL, Elgin TX 78621

After reviewing 7 recent transactions in CEDAR HILLS, I estimate this property's value at $401,545. A competitive list price for this home right now would fall in the $302,000 to $312,000 range. This pricing would rank the home as the 3rd least expensive of 6 comparable homes on the market in CEDAR HILLS's current inventory. At 8 years newer than typical comps, the 2009 build date influences the valuation. The smaller lot (0.56 acres versus the area average of 2.71) contributes to the valuation. Current inventory shows 6 comparable homes in CEDAR HILLS; a buyer's market based on recent absorption. Prices in 78621 have fallen 7.6% over the last 6 months. A similar home at 230 Cedar Hills DR, Elgin TX 78621 carries an adjusted comparable value of $391,337, providing a strong data point. With 7 comparable sales in CEDAR HILLS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group