365 Highway 95, Elgin TX 78621

The market data from 7 similar recent sales in YOUNG, RICHARD points to a value of approximately $278,434. To sell within a reasonable timeframe at fair market value, the $215,000 to $225,000 range is where I'd position this. With 6 comparable homes on the market in YOUNG, RICHARD, this price positions the property as the most expensive of 6 comparable homes on the market. At 111 sqft larger than the typical comp, the size difference factors into the valuation. The 1975 construction puts this home 13 years newer than the comp average, a factor in the pricing. With 6 similar homes currently listed in YOUNG, RICHARD (a buyer's market), competition is a factor to consider. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 101 Plum DR, Elgin TX 78621, adjusting to $262,658; a strong comparable. 7 comparable transactions in YOUNG, RICHARD support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group