1116 N Main ST, Elgin TX 78621

After reviewing 7 recent transactions in MARTINSON, I estimate this property's value at $367,587. A competitive list price for this home right now would fall in the $310,000 to $320,000 range. Relative to what's currently available in MARTINSON, this home would be the 2nd most expensive of 7 comparable homes on the market. At 16 years older than typical comps, the 1950 build date influences the valuation. The smaller lot (0.38 acres versus the area average of 4.01) contributes to the valuation. With 7 similar homes currently listed in MARTINSON (a buyer's market), competition is a factor to consider. Prices in 78621 have fallen 8.3% over the last 6 months. A similar home at 17205 County Line RD, Elgin TX 78621 carries an adjusted comparable value of $617,860, providing a strong data point. With 7 comparable sales in MARTINSON, 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