1572 Old Mcdade, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $297,828. I'd recommend coming to market at $308,000 to $331,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd most expensive of 3 comparable homes on the market comparable homes currently on the market in 78621. Built in 2004, this home is 19 years older than the average comp, which is reflected in the adjustments. The 6.87 acre lot (larger than the 0.35 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in 78621; a buyer's market based on recent absorption. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 212 Old Coach LN, Elgin TX 78621 nearby adjusts to $331,317; with a larger floor plan and a pool. 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