CR 55 RT 5, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $234,780. I'd recommend coming to market at $199,000 to $209,000 to strike the right balance between value and market velocity. Against 7 similar active listings in 78621, this price point lands at the most expensive of 7 comparable homes on the market. Built in 1992, this home is 11 years older than the average comp, which is reflected in the adjustments. The 17.00 acre lot (larger than the 0.13 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in 78621, listed between $211,840 and $215,840. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 110 Lexington RD, Elgin TX 78621 nearby adjusts to $375,044; a strong comparable. Based on 7 relevant data points in 78621, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX