581 Highway 95, Elgin TX 78621

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $449,589. I'd recommend coming to market at $234,000 to $244,000 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 STOVAL, GEO. Being 158 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 2.51 acre lot (larger than the 2.28 acre average) is reflected in the estimate. With 7 similar homes currently listed in STOVAL, GEO (a buyer's market), competition is a factor to consider. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 517 Arbors CIR, Elgin TX 78621 nearby adjusts to $473,995; with a larger floor plan. With 3 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