198 Old Lexington RD, Elgin TX 78621

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $341,992. Pricing this home between $353,000 and $450,000 would put it in the competitive sweet spot for 78621. This home's position in the current 78621 market: the most affordable of 2 comparable homes on the market among comparable properties. At 35 years older than typical comps, the 1983 build date influences the valuation. The larger lot (11.13 acres versus the area average of 0.39) contributes to the valuation. Buyers in 78621 have 2 comparable options right now, with asking prices between $519,000 and $625,000. Market data shows 78621 prices fallen 8.3% over the last half year. The closest comparable sale, 702 Pleasant Grove RD, Elgin TX 78621 at an adjusted $450,386, is with a smaller floor plan. With 7 comparable sales in 78621, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group