618 Pleasant Grove 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 $401,525. I'd recommend coming to market at $481,000 to $535,000 to strike the right balance between value and market velocity. With 2 comparable homes on the market in 78621, this price positions the property as the most affordable of 2 comparable homes on the market. Built in 1985, this home is 21 years older than the average comp, which is reflected in the adjustments. The 15.20 acre lot (larger than the 1.58 acre average) is reflected in the estimate. Right now, 2 similar properties are competing for buyers in 78621, listed between $519,000 and $795,000. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. TBD FM 3000 Tract 9, Elgin TX 78621 nearby adjusts to $710,547; 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