Reviewing the most recent comparable transactions, this home's market value falls around $318,308. For a well positioned listing in MEADOW GLEN, I'd target the $321,000 to $326,000 range. Against 7 similar active listings in MEADOW GLEN, this price point lands at the 4th most expensive of 7 comparable homes on the market. The 2004 construction puts this home 16 years older than the comp average, a factor in the pricing. At 7.23 acres, the lot is larger than the 0.14 acre comp average, which factors into pricing. 7 similar homes are currently available in MEADOW GLEN, creating a buyer's market for this price range. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 618 Lavaca LOOP, Elgin TX 78621, with an adjusted value of $316,092; a strong comparable. 7 comparable transactions in MEADOW GLEN support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
