1114 W 2nd ST, Elgin TX 78621

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $316,112. To generate strong buyer interest while maximizing value, I'd price this between $336,000 and $343,000. With 7 comparable homes on the market in SUNSET HEIGHTS, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The 1960 construction puts this home 43 years older than the comp average, a factor in the pricing. At 0.34 acres, the lot is larger than the 0.17 acre comp average, which factors into pricing. With 7 similar homes currently listed in SUNSET HEIGHTS (a buyer's market), competition is a factor to consider. The trend in 78621 shows prices have fallen 9.4% in the past 6 months. 1241 Lake Terrace DR, Elgin TX 78621 nearby adjusts to $345,501; with a larger floor plan and a pool. 7 comparable transactions in SUNSET HEIGHTS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group