2182 Upper Elgin River RD, Elgin TX 78621

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $496,114. Pricing this home between $426,000 and $436,000 would put it in the competitive sweet spot for BACKWOODS. This home's position in the current BACKWOODS market: the 2nd least expensive of 4 comparable homes on the market among comparable properties. The larger floor plan (662 sqft compared to the average comp) is a meaningful differentiator in this price range. At 31 years older than typical comps, the 1970 build date influences the valuation. With 4 similar homes currently listed in BACKWOODS (a buyer's market), competition is a factor to consider. Market data shows 78621 prices fallen 8.3% over the last half year. The closest comparable sale, 2245 Fm 969, Elgin TX 78621 at an adjusted $491,497, is with a smaller floor plan. The comp data here (7 sales in BACKWOODS) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus