531 Upper Elgin River RD, Elgin TX 78621

The market data from 7 similar recent sales in STANDIFER, ELIZABETH points to a value of approximately $470,335. To sell within a reasonable timeframe at fair market value, the $271,000 to $281,000 range is where I'd position this. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in STANDIFER, ELIZABETH. The 2001 construction puts this home 10 years older than the comp average, a factor in the pricing. At 4.00 acres, the lot is larger than the 1.62 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in STANDIFER, ELIZABETH, listed between $242,500 and $340,000. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 224 Crooked Hollow DR, Elgin TX 78621, adjusting to $561,509; 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