BALCH RD, Elgin TX 78621

The market data from 7 similar recent sales in 78621 points to a value of approximately $403,072. To sell within a reasonable timeframe at fair market value, the $415,000 to $586,000 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 14.54 acres, the lot is larger than the 3.60 acre comp average, which factors into pricing. There are currently 2 similar homes on the market in 78621, ranging from $449,999 to $800,000. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 155 Arosa DR, Elgin TX 78621, adjusting to $297,382; 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