737 Monkey RD, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $284,203. For a well positioned listing in 78621, I'd target the $276,000 to $293,000 range. Against 7 similar active listings in 78621, this price point lands at the 4th most expensive of 7 comparable homes on the market. The 1979 construction puts this home 36 years older than the comp average, a factor in the pricing. At 31.94 acres, the lot is larger than the 0.14 acre comp average, which factors into pricing. 7 similar homes are currently available in 78621, creating a buyer's market for this price range. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 17920 Honey Locust LN, Elgin TX 78621, with an adjusted value of $236,753; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group