640 Upper Elgin River 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 $402,809. I'd recommend coming to market at $329,000 to $339,000 to strike the right balance between value and market velocity. Against 7 similar active listings in STANDIFER, JAMES, this price point lands at the 2nd most expensive of 7 comparable homes on the market. The pool is a standout feature, with 5 of 7 comparable homes not offering one. Built in 1979, this home is 25 years older than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in STANDIFER, JAMES; a buyer's market based on recent absorption. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 471 Upper Elgin River RD, Elgin TX 78621 nearby adjusts to $583,865; with no pool. Based on 7 relevant data points in STANDIFER, JAMES, 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