215 Ginsel LN, Elgin TX 78621

The market data from 7 similar recent sales in 78621 points to a value of approximately $291,974. To sell within a reasonable timeframe at fair market value, the $224,000 to $234,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 7 comparable homes on the market comparable homes currently on the market in 78621. The 1982 construction puts this home 35 years older than the comp average, a factor in the pricing. At 2.19 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in 78621; a buyer's market based on recent absorption. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 18354 Basket Flower BND, Elgin TX 78621, adjusting to $312,125; 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