000 Madison ST, Elgin TX 78621

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $290,715. Pricing this home between $195,000 and $205,000 would put it in the competitive sweet spot for 78621. This home's position in the current 78621 market: the 3rd least expensive of 6 comparable homes on the market among comparable properties. This home's larger footprint (355 sqft vs the comp average) plays a role in how the market prices it. At 13 years older than typical comps, the 1968 build date influences the valuation. With 6 similar homes currently listed in 78621 (a buyer's market), competition is a factor to consider. Market data shows 78621 prices fallen 8.3% over the last half year. The closest comparable sale, 206 M L K DR # B, Elgin TX 78621 at an adjusted $150,424, is with a larger floor plan. With 7 comparable sales in 78621, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group