225 Shadow Oaks DR, Elgin TX 78621

My analysis of 7 comparable properties puts this home's estimated value at $473,610. Based on how the local market is moving, a list price between $540,000 and $620,000 would position this home well. This home's position in the current 78621 market: the 2nd most expensive of 3 comparable homes on the market among comparable properties. At 747 sqft larger than the typical comp, the size difference factors into the valuation. The smaller lot (2.79 acres versus the area average of 6.58) contributes to the valuation. There are currently 3 similar homes on the market in 78621, ranging from $399,000 to $799,000. The 6 month price trend in 78621: fallen 8.3%. The best comp here is 2245 Fm 969, Elgin TX 78621 at an adjusted value of $522,431, with a smaller floor plan. With 7 comparable sales in 78621, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group