After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $486,187. Pricing this home between $344,000 and $354,000 would put it in the competitive sweet spot for 78621. Relative to what's currently available in 78621, this home would be the most expensive of 2 comparable homes on the market. Being 361 sqft larger than the average comparable sale in this area impacts the per square foot value. At 7 years older than typical comps, the 1983 build date influences the valuation. The active market in 78621 includes 2 comparable homes priced from $338,900 to $339,990. Market data shows 78621 prices fallen 8.3% over the last half year. The closest comparable sale, TBD FM 3000 Tract 9, Elgin TX 78621 at an adjusted $674,499, is with a smaller floor plan. The comp data here (7 sales in 78621) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus