255 Old Lexington RD, Elgin TX 78621

The market data from 7 similar recent sales in ENGLISH COUNTRY points to a value of approximately $391,206. To sell within a reasonable timeframe at fair market value, the $229,000 to $239,000 range is where I'd position this. With 1 comparable homes on the market in ENGLISH COUNTRY, this price positions the property as below the only comparable home currently on the market. Being 391 sqft larger than the average comparable sale in this area impacts the per square foot value. The 2009 construction puts this home 28 years newer than the comp average, a factor in the pricing. Current inventory shows 1 comparable homes in ENGLISH COUNTRY; 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 194 Elgin Woods LN, Elgin TX 78621, adjusting to $549,863; with a smaller floor plan. 7 comparable transactions in ENGLISH COUNTRY support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group