406 Old McDade RD, Elgin TX 78621

Taking into account 7 nearby comparable sales, this property's estimated value comes to $330,983. If we were to list this property today, I'd recommend a list price in the $350,000 to $419,000 range. This pricing would rank the home as the 4th most expensive of 7 comparable homes on the market in ELGIN's current inventory. The larger floor plan (235 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 1925 (52 years older than comps) is factored into the value estimate. Right now, 7 similar properties are competing for buyers in ELGIN, listed between $265,000 and $2,000,000. The 6 month price trend in 78621: fallen 8.3%. The best comp here is 101 Plum DR, Elgin TX 78621 at an adjusted value of $286,167, with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in ELGIN. 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