1410 Red Town RD, Elgin TX 78621

The estimated value of this property is $396,099, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $196,000 and $206,000. Among the similar homes currently available in 78621, this price point stands out as competitive. At 404 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2001, this home is 20 years newer than the average comp, which is reflected in the adjustments. Right now, 2 similar properties are competing for buyers in 78621, listed between $201,000 and $338,500. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 194 Elgin Woods LN, Elgin TX 78621, with an adjusted value of $568,400; with a smaller floor plan. Based on 7 relevant data points in 78621, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX