108 W 7th ST, Elgin TX 78621

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $225,771. Pricing this home between $160,000 and $170,000 would put it in the competitive sweet spot for W &. Buyers shopping in W & right now would see this as a well positioned option among 5 comparable homes. This home's smaller footprint (198 sqft vs the comp average) plays a role in how the market prices it. At 12 years older than typical comps, the 1940 build date influences the valuation. With 5 similar homes currently listed in W & (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, 209 E 8th ST, Elgin TX 78621 at an adjusted $245,211, is a strong comparable. The comp data here (7 sales in W &) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus