933 Old McDade RD, Elgin TX 78621

The market data from 7 similar recent sales in 78621 points to a value of approximately $368,350. To sell within a reasonable timeframe at fair market value, the $291,000 to $301,000 range is where I'd position this. With 7 comparable homes on the market in 78621, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. The 1997 construction puts this home 7 years newer than the comp average, a factor in the pricing. At 1.25 acres, the lot is smaller than the 2.34 acre comp average, which factors into pricing. The active market in 78621 includes 7 comparable homes priced from $265,000 to $799,000. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 194 Elgin Woods LN, Elgin TX 78621, adjusting to $506,756; 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