212 Old Austin TRL, Elgin TX 78621

The market data from 7 similar recent sales in TEXAS HERITAGE points to a value of approximately $386,646. To sell within a reasonable timeframe at fair market value, the $407,000 to $462,000 range is where I'd position this. At this price, the property would be the most affordable of 2 comparable homes on the market comparable homes currently on the market in TEXAS HERITAGE. The 2015 construction puts this home 21 years newer than the comp average, a factor in the pricing. At 3.95 acres, the lot is smaller than the 6.23 acre comp average, which factors into pricing. Right now, 2 similar properties are competing for buyers in TEXAS HERITAGE, listed between $450,000 and $840,000. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 115 Willie May WAY, Elgin TX 78621, adjusting to $406,606; a strong comparable. 7 comparable transactions in TEXAS HERITAGE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group