111 W 8TH ST, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $316,779. For a well positioned listing in W &, I'd target the $332,000 to $334,000 range. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in W &. The larger floor plan (156 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1969 construction puts this home 8 years newer than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in W &; a buyer's market based on recent absorption. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 911 N Avenue C ST, Elgin TX 78621, with an adjusted value of $258,114; 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