423 Monkey RD, Elgin TX 78621

After reviewing 7 recent transactions in STANDIFER, ELIZABETH, I estimate this property's value at $394,387. A competitive list price for this home right now would fall in the $214,000 to $224,000 range. Relative to what's currently available in STANDIFER, ELIZABETH, this home would be the 3rd most expensive of 7 comparable homes on the market. The larger lot (27.00 acres versus the area average of 1.53) contributes to the valuation. With 7 similar homes currently listed in STANDIFER, ELIZABETH (a buyer's market), competition is a factor to consider. Prices in 78621 have fallen 8.3% over the last 6 months. A similar home at 18354 Basket Flower BND, Elgin TX 78621 carries an adjusted comparable value of $320,535, providing a strong data point. With 7 comparable sales in STANDIFER, ELIZABETH, 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