198 Old Lexington RD, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $382,925. For a well positioned listing in ENOCH HARRIS, I'd target the $450,000 to $481,000 range. Among the similar homes currently available in ENOCH HARRIS, this price point stands out as competitive. The 1983 construction puts this home 29 years older than the comp average, a factor in the pricing. At 11.13 acres, the lot is larger than the 1.96 acre comp average, which factors into pricing. With 2 similar homes currently listed in ENOCH HARRIS (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 198 Old Lexington RD, Elgin TX 78621, with an adjusted value of $499,000; a strong comparable. The 7 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