407 S Avenue B, Elgin TX 78621

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $340,500. I'd recommend coming to market at $330,000 to $351,000 to strike the right balance between value and market velocity. At this price, the property would be the most affordable of 4 comparable homes on the market comparable homes currently on the market in 78621. Built in 2019, this home is 6 years older than the average comp, which is reflected in the adjustments. The 0.37 acre lot (larger than the 0.12 acre average) is reflected in the estimate. Current inventory shows 4 comparable homes in 78621; a buyer's market based on recent absorption. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 108 Bill ST, Elgin TX 78621 nearby adjusts to $377,073; a strong comparable. Based on 7 relevant data points in 78621, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX