401 Christensen RD, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $311,360. I'd recommend coming to market at $231,000 to $241,000 to strike the right balance between value and market velocity. Against 3 similar active listings in STOVAL, GEO, this price point lands at the most expensive of 3 comparable homes on the market. The smaller floor plan (157 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1996, this home is 5 years older than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in STOVAL, GEO; a buyer's market based on recent absorption. The trend in 78621 shows prices have fallen 7.8% in the past 6 months. 182 Wayside CT, Elgin TX 78621 nearby adjusts to $336,090; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group