291 Lower Elgin RD, Elgin TX 78621

My analysis of 7 comparable properties puts this home's estimated value at $386,032. Based on how the local market is moving, a list price between $457,000 and $511,000 would position this home well. This home's position in the current 78621 market: the 2nd least expensive of 5 comparable homes on the market among comparable properties. The larger lot (3.99 acres versus the area average of 3.47) contributes to the valuation. Right now, 5 similar properties are competing for buyers in 78621, listed between $325,000 and $800,000. The 6 month price trend in 78621: fallen 8.3%. The best comp here is 471 Upper Elgin River RD, Elgin TX 78621 at an adjusted value of $511,119, a strong comparable. 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