792 Lower Elgin River RD, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $412,896. For a well positioned listing in JOSEPH ROGERS, I'd target the $177,000 to $187,000 range. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in JOSEPH ROGERS. The smaller floor plan (283 sqft compared to the average comp) is a meaningful differentiator in this price range. At 1.00 acres, the lot is smaller than the 7.62 acre comp average, which factors into pricing. Right now, 1 similar properties are competing for buyers in JOSEPH ROGERS, listed between $165,000 and $165,000. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 415 Balch RD, Elgin TX 78621, with an adjusted value of $731,503; a strong comparable. 7 comparable transactions in JOSEPH ROGERS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group