664 Highway 290 Highway # B, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $332,809. I'd recommend coming to market at $263,000 to $273,000 to strike the right balance between value and market velocity. In the current STOVAL, GEO market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. Built in 2008, this home is 15 years older than the average comp, which is reflected in the adjustments. The 5.04 acre lot (larger than the 0.43 acre average) is reflected in the estimate. With 7 similar homes currently listed in STOVAL, GEO (a buyer's market), competition is a factor to consider. The trend in 78621 shows prices have fallen 6.7% in the past 6 months. 217 La Selva DR, Elgin TX 78621 nearby adjusts to $304,494; with a larger floor plan. 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