1405 Lower Elgin RD, Elgin TX 78621

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $372,969. Pricing this home between $362,000 and $384,000 would put it in the competitive sweet spot for 78621. This would position the home competitively among 1 active listings in 78621. At 340 sqft smaller than the typical comp, the size difference factors into the valuation. The smaller lot (2.00 acres versus the area average of 5.74) contributes to the valuation. There are currently 1 similar homes on the market in 78621, ranging from $599,000 to $599,000. Market data shows 78621 prices fallen 8.3% over the last half year. The closest comparable sale, 142 Moore LN, Elgin TX 78621 at an adjusted $341,084, is a strong comparable. With 7 comparable sales in 78621, 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