3498 County Road 464, Elgin TX 78621

Based on 7 closed sales in 78621, the data points to a value around $575,753 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $400,000 to $410,000. Relative to what's currently available in 78621, this home would be the most expensive of 3 comparable homes on the market. The larger floor plan (368 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2016 (6 years older than comps) is factored into the value estimate. Right now, 3 similar properties are competing for buyers in 78621, listed between $365,000 and $499,999. Market data shows 78621 prices fallen 4.2% over the last half year. The closest comparable sale, 2493 County Road 464, Elgin TX 78621 at an adjusted $426,891, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in 78621. 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