302 Taylor RD, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $212,454. I'd recommend coming to market at $233,000 to $244,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78621, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. Built in 1981, this home is 25 years older than the average comp, which is reflected in the adjustments. The 0.14 acre lot (smaller than the 0.19 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in 78621; a buyer's market based on recent absorption. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 324 McClendon DR, Elgin TX 78621 nearby adjusts to $150,019; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group