2011 Upper Elgin River RD, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $495,333. I'd recommend coming to market at $525,000 to $643,000 to strike the right balance between value and market velocity. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in TEXAS HERITAGE. This home's larger footprint (226 sqft vs the comp average) plays a role in how the market prices it. The 8.38 acre lot (larger than the 6.71 acre average) is reflected in the estimate. Buyers in TEXAS HERITAGE have 3 comparable options right now, with asking prices between $499,900 and $899,000. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 2874 Fm 1704, Elgin TX 78621 nearby adjusts to $512,021; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group