BALCH LANE (CR 68), Elgin TX 78621

The market data from 7 similar recent sales in 78621 points to a value of approximately $412,040. To sell within a reasonable timeframe at fair market value, the $474,000 to $566,000 range is where I'd position this. In the current 78621 market with 2 similar homes available, this price represents the most affordable of 2 comparable homes on the market. At 8.00 acres, the lot is larger than the 5.62 acre comp average, which factors into pricing. Right now, 2 similar properties are competing for buyers in 78621, listed between $449,999 and $665,500. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 209 Dry Willow RD, Elgin TX 78621, adjusting to $399,472; 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