9406 Morin DR, Elgin TX 78621

The market data from 7 similar recent sales in 78621 points to a value of approximately $449,422. To sell within a reasonable timeframe at fair market value, the $357,000 to $367,000 range is where I'd position this. Against 3 similar active listings in 78621, this price point lands at the 2nd most expensive of 3 comparable homes on the market. At 1,138 sqft smaller than the typical comp, the size difference factors into the valuation. The 2002 construction puts this home 19 years newer than the comp average, a factor in the pricing. There are currently 3 similar homes on the market in 78621, ranging from $342,000 to $800,000. In 78621, home values have fallen approximately 5% over the past 6 months. One of the strongest data points is 9001 Unice DR, Elgin TX 78621, adjusting to $391,150; with a smaller floor plan. 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