635 Lower Elgin RD, Elgin TX 78621

The estimated value of this property is $258,006, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $162,000 and $172,000. At this price, the property would be the most expensive of 2 comparable homes on the market comparable homes currently on the market in 78621. Built in 1980, this home is 13 years older than the average comp, which is reflected in the adjustments. The 2.24 acre lot (smaller than the 2.32 acre average) is reflected in the estimate. Current inventory shows 2 comparable homes in 78621; a buyer's market based on recent absorption. Recent trends in 78621 show home values have fallen 9.5% since 6 months ago. The most comparable recent sale is 636 Old Sayers RD, Elgin TX 78621, with an adjusted value of $243,745; 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