275 ARBORS CRES, Elgin TX 78748

Based on 3 closed sales in 78748, the data points to a value around $509,442 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $371,000 to $381,000. This pricing would rank the home as the most expensive of 3 comparable homes on the market in 78748's current inventory. The 189 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 2001 (5 years older than comps) is factored into the value estimate. With 3 similar homes currently listed in 78748 (a balanced market), competition is a factor to consider. Market data shows 78748 prices fallen 4.7% over the last half year. The closest comparable sale, 146 Kingwood DR, Elgin TX 78621 at an adjusted $494,159, is with a smaller floor plan. The strength of this estimate comes from 3 directly comparable sales in 78748. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group