172 Roemer RD, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $299,308. For a well positioned listing in 78621, I'd target the $329,000 to $333,000 range. Against 7 similar active listings in 78621, this price point lands at the 3rd least expensive of 7 comparable homes on the market. The 2005 construction puts this home 10 years older than the comp average, a factor in the pricing. At 10.00 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in 78621; a buyer's market based on recent absorption. Recent trends in 78621 show home values have fallen 7.8% since 6 months ago. The most comparable recent sale is 18400 Sun Haven CV, Elgin TX 78621, with an adjusted value of $299,248; 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