1601 County Rd 463, Elgin TX 78621

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $509,633. To generate strong buyer interest while maximizing value, I'd price this between $280,000 and $290,000. With 7 comparable homes on the market in 78621, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. This home's larger footprint (116 sqft vs the comp average) plays a role in how the market prices it. The 1965 construction puts this home 51 years older than the comp average, a factor in the pricing. The active market in 78621 includes 7 comparable homes priced from $289,000 to $950,000. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 2123 County Road 460, Coupland TX 78615 nearby adjusts to $483,206; a strong comparable. 7 comparable transactions in 78621 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group