681 UPPER ELGIN RIVER RD, Elgin TX 78749

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $404,637. I'd recommend coming to market at $235,000 to $245,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78749, this price positions the property as the most expensive of 7 comparable homes on the market. Built in 1994, this home is 5 years newer than the average comp, which is reflected in the adjustments. The 1.03 acre lot (smaller than the 2.23 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in 78749; a balanced market based on recent absorption. The trend in 78749 shows prices have risen 3.3% in the past 6 months. 109 Taylor RD, Elgin TX 78621 nearby adjusts to $449,683; with a larger floor plan. Based on 7 relevant data points in 78749, 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