3315 County Road 463 Tract 2, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $724,689. I'd recommend coming to market at $710,000 to $739,000 to strike the right balance between value and market velocity. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in MARCUS HANNIBLE SURV ABS #299. Being 1,644 sqft larger than the average comparable sale in this area impacts the per square foot value. The 10.01 acre lot (larger than the 4.39 acre average) is reflected in the estimate. The active market in MARCUS HANNIBLE SURV ABS #299 includes 1 comparable homes priced from $1,699,000 to $1,699,000. The trend in 78621 shows prices have fallen 0.6% in the past 6 months. 3775 County Road 463, Elgin TX 78621 nearby adjusts to $328,929; with a smaller floor plan. Based on 3 relevant data points in MARCUS HANNIBLE SURV ABS #299, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX