523 Upper Elgin River RD, Elgin TX 78621

Based on 7 closed sales in STANDIFER, ELIZABETH, the data points to a value around $467,556 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $274,000 to $284,000. Relative to what's currently available in STANDIFER, ELIZABETH, this home would be the most expensive of 7 comparable homes on the market. The larger floor plan (145 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2001 (7 years older than comps) is factored into the value estimate. 7 similar homes are currently available in STANDIFER, ELIZABETH, creating a buyer's market for this price range. Market data shows 78621 prices fallen 8.3% over the last half year. The closest comparable sale, 224 Crooked Hollow DR, Elgin TX 78621 at an adjusted $550,762, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in STANDIFER, ELIZABETH. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group