3498 County Road 464, Elgin TX 78621

Based on 7 closed sales in 78621, the data points to a value around $532,810 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 2nd least expensive of 7 comparable homes on the market. The larger floor plan (279 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2016 (11 years newer than comps) is factored into the value estimate. Right now, 7 similar properties are competing for buyers in 78621, listed between $365,000 and $999,500. Market data shows 78621 prices fallen 0.9% over the last half year. The closest comparable sale, 1136 Country Road 484 RD, Elgin TX 78621 at an adjusted $512,736, 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