1542 Old Mcdade RD, Elgin TX 78621

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $481,622. To generate strong buyer interest while maximizing value, I'd price this between $211,000 and $221,000. Against 7 similar active listings in 78621, this price point lands at the most expensive of 7 comparable homes on the market. The 187 sqft size difference versus comparable sales is reflected in the adjusted values. At 8.80 acres, the lot is larger than the 2.89 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in 78621, ranging from $230,000 to $497,700. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 194 Elgin Woods LN, Elgin TX 78621 nearby adjusts to $553,429; 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