4630 County Road 463, Elgin TX 78621

The estimated value of this property is $428,987, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $307,000 and $317,000. With 4 comparable homes on the market in SIMMONS WM SUR, this price positions the property as the most expensive of 4 comparable homes on the market. Built in 1998, this home is 18 years older than the average comp, which is reflected in the adjustments. The 2.99 acre lot (smaller than the 4.92 acre average) is reflected in the estimate. With 4 similar homes currently listed in SIMMONS WM SUR (a buyer's market), competition is a factor to consider. Recent trends in 78621 show home values have fallen 7.2% since 6 months ago. The most comparable recent sale is 215 County Road 489, Elgin TX 78621, with an adjusted value of $437,492; 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