184 Arbors CIR, Elgin TX 78621

The market data from 3 similar recent sales in 78621 points to a value of approximately $592,925. To sell within a reasonable timeframe at fair market value, the $555,000 to $560,000 range is where I'd position this. In the current 78621 market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. The 2017 construction puts this home 8 years newer than the comp average, a factor in the pricing. At 1.94 acres, the lot is larger than the 1.61 acre comp average, which factors into pricing. With 3 similar homes currently listed in 78621 (a buyer's market), competition is a factor to consider. In 78621, home values have fallen approximately 7.8% over the past 6 months. One of the strongest data points is 302 Arbors CIR, Elgin TX 78621, adjusting to $655,761; with a smaller floor plan. The 3 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