194 Hickory DR, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $519,346. For a well positioned listing in CEDAR HILLS, I'd target the $499,000 to $503,000 range. With 3 comparable homes on the market in CEDAR HILLS, this price positions the property as the 0th most expensive of 3 comparable homes on the market. The smaller floor plan (460 sqft compared to the average comp) is a meaningful differentiator in this price range. At 2.07 acres, the lot is larger than the 1.63 acre comp average, which factors into pricing. There are currently 3 similar homes on the market in CEDAR HILLS, ranging from $489,000 to $574,900. Recent trends in 78621 show home values have fallen 8.4% since 6 months ago. The most comparable recent sale is 517 Arbors CIR, Elgin TX 78621, with an adjusted value of $487,322; with a larger 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