2112 County Road 302, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $471,670. I'd recommend coming to market at $458,000 to $486,000 to strike the right balance between value and market velocity. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in 78621. This home's smaller footprint (157 sqft vs the comp average) plays a role in how the market prices it. Built in 1973, this home is 38 years older than the average comp, which is reflected in the adjustments. Right now, 1 similar properties are competing for buyers in 78621, listed between $519,000 and $519,000. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 198 Old Lexington RD, Elgin TX 78621 nearby adjusts to $477,728; a strong comparable. Based on 7 relevant data points in 78621, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX