600 Highway 290 E, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $305,252. I'd recommend coming to market at $296,000 to $314,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78621, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. Built in 1983, this home is 42 years older than the average comp, which is reflected in the adjustments. The 27.50 acre lot (larger than the 0.11 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 8.3% in the past 6 months. 147 Two Bits LN, Elgin TX 78621 nearby adjusts to $269,523; a strong comparable. Based on 7 relevant data points in 78621, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX