3498 County Road 464, Elgin TX 78621

Based on 7 closed sales in 78621, the data points to a value around $550,960 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $786,000 to $821,000. Relative to what's currently available in 78621, this home would be the 2nd least expensive of 6 comparable homes on the market. The larger floor plan (527 sqft compared to the average comp) is a meaningful differentiator in this price range. Lot size matters here: 1.50 acres versus 7.89 for the typical comp. Right now, 6 similar properties are competing for buyers in 78621, listed between $519,900 and $1,200,000. Market data shows 78621 prices fallen 8.8% over the last half year. The closest comparable sale, 1790 County Road 465, Coupland TX 78615 at an adjusted $713,446, is a strong comparable. 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