164 Cedar Hills DR, Elgin TX 78621

The estimated value of this property is $343,799, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $402,000 and $460,000. In the current 78621 market with 4 similar homes available, this price represents the 2nd least expensive of 4 comparable homes on the market. The larger floor plan (261 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1.08 acre lot (smaller than the 2.98 acre average) is reflected in the estimate. With 4 similar homes currently listed in 78621 (a buyer's market), competition is a factor to consider. 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 $503,184; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group