4650 County Road 463, Elgin TX 78621

The market data from 7 similar recent sales in SIMMONS WM SUR points to a value of approximately $517,068. To sell within a reasonable timeframe at fair market value, the $347,000 to $357,000 range is where I'd position this. With 5 comparable homes on the market in SIMMONS WM SUR, this price positions the property as the 2nd most expensive of 5 comparable homes on the market. The 111 sqft size difference versus comparable sales is reflected in the adjusted values. The 1993 construction puts this home 14 years older than the comp average, a factor in the pricing. Current inventory shows 5 comparable homes in SIMMONS WM SUR; a buyer's market based on recent absorption. In 78621, home values have fallen approximately 4.6% over the past 6 months. One of the strongest data points is 114 Gran Cielo, Elgin TX 78621, adjusting to $456,159; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group