156 Shenandoah TRL, Elgin TX 78621

The market data from 7 similar recent sales in 78621 points to a value of approximately $251,058. To sell within a reasonable timeframe at fair market value, the $185,000 to $195,000 range is where I'd position this. With 4 comparable homes on the market in 78621, this price positions the property as the most expensive of 4 comparable homes on the market. This home's smaller footprint (118 sqft vs the comp average) plays a role in how the market prices it. The 1999 construction puts this home 20 years newer than the comp average, a factor in the pricing. 4 similar homes are currently available in 78621, creating a buyer's market for this price range. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 204 E Brenham ST, Elgin TX 78621, adjusting to $264,542; 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