141 Lomitas DR, Elgin TX 78621

The market data from 7 similar recent sales in LAS COLINAS ESTATES points to a value of approximately $298,630. To sell within a reasonable timeframe at fair market value, the $314,000 to $315,000 range is where I'd position this. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in LAS COLINAS ESTATES. The 2015 construction puts this home 8 years older than the comp average, a factor in the pricing. At 0.51 acres, the lot is larger than the 0.24 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in LAS COLINAS ESTATES, listed between $266,965 and $389,000. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 155 Arosa DR, Elgin TX 78621, adjusting to $271,680; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group