21981 Silvia DR, Elgin TX 78621

The market data from 7 similar recent sales in 78621 points to a value of approximately $287,325. To sell within a reasonable timeframe at fair market value, the $181,000 to $191,000 range is where I'd position this. Among the similar homes currently available in 78621, this price point stands out as competitive. Being 447 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1996 construction puts this home 7 years newer than the comp average, a factor in the pricing. With 3 similar homes currently listed in 78621 (a buyer's market), competition is a factor to consider. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 22604 Deidra DR, Elgin TX 78621, adjusting to $151,737; 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