2167 Upper Elgin River RD, Elgin TX 78621

The estimated value of this property is $486,081, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $529,000 and $543,000. In the current TEXAS HERITAGE market with 3 similar homes available, this price represents the most affordable of 3 comparable homes on the market. The larger floor plan (533 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1987, this home is 8 years older than the average comp, which is reflected in the adjustments. With 3 similar homes currently listed in TEXAS HERITAGE (a buyer's market), competition is a factor to consider. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 2245 Fm 969, Elgin TX 78621, with an adjusted value of $529,193; with a smaller floor plan. Based on 7 relevant data points in TEXAS HERITAGE, 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