580 Monkey 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 $406,641. I'd recommend coming to market at $257,000 to $267,000 to strike the right balance between value and market velocity. Against 7 similar active listings in 78621, this price point lands at the most expensive of 7 comparable homes on the market. The 651 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 1997, this home is 10 years older than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in 78621; a buyer's market based on recent absorption. The trend in 78621 shows prices have fallen 10.2% in the past 6 months. 12616 Wayne Spur LN, Elgin TX 78621 nearby adjusts to $323,191; 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