211 Christensen RD, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $509,714. For a well positioned listing in 78621, I'd target the $221,000 to $231,000 range. With 7 comparable homes on the market in 78621, this price positions the property as the most expensive of 7 comparable homes on the market. At 405 sqft smaller than the typical comp, the size difference factors into the valuation. At 10.00 acres, the lot is larger than the 2.94 acre comp average, which factors into pricing. The active market in 78621 includes 7 comparable homes priced from $230,000 to $799,000. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 194 Elgin Woods LN, Elgin TX 78621, with an adjusted value of $567,861; 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