3265 County Road 464, Elgin TX 78621

After reviewing 7 recent transactions in 78621, I estimate this property's value at $493,160. A competitive list price for this home right now would fall in the $308,000 to $318,000 range. This pricing would rank the home as the most expensive of 4 comparable homes on the market in 78621's current inventory. The 446 sqft size difference versus comparable sales is reflected in the adjusted values. At 15 years newer than typical comps, the 2020 build date influences the valuation. Current inventory shows 4 comparable homes in 78621; a buyer's market based on recent absorption. Prices in 78621 have fallen 8.3% over the last 6 months. A similar home at 2160 County Road 466, Elgin TX 78621 carries an adjusted comparable value of $239,318, providing a strong data point. 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