560 Upper Elgin River RD, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $357,302. I'd recommend coming to market at $307,000 to $317,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78621. Built in 1982, this home is 36 years older than the average comp, which is reflected in the adjustments. The 13.97 acre lot (larger than the 0.80 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in 78621; a buyer's market based on recent absorption. The trend in 78621 shows prices have fallen 7.8% in the past 6 months. 264 Bendecido LOOP, Elgin TX 78621 nearby adjusts to $345,858; 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