4100 County Road 463, Elgin TX 78621

My analysis of 7 comparable properties puts this home's estimated value at $404,221. Based on how the local market is moving, a list price between $233,000 and $243,000 would position this home well. This home's position in the current SIMMONS WM SUR market: the most expensive of 2 comparable homes on the market among comparable properties. At 462 sqft smaller than the typical comp, the size difference factors into the valuation. At 17 years older than typical comps, the 1985 build date influences the valuation. Current inventory shows 2 comparable homes in SIMMONS WM SUR; a buyer's market based on recent absorption. The 6 month price trend in 78621: fallen 7.8%. The best comp here is 3775 County Road 463, Elgin TX 78621 at an adjusted value of $250,484, with a smaller floor plan. With 7 comparable sales in SIMMONS WM SUR, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group