1128 N Main ST, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $277,571. For a well positioned listing in MARTINSON, I'd target the $269,000 to $286,000 range. Against 7 similar active listings in MARTINSON, this price point lands at the most affordable of 7 comparable homes on the market. The 1925 construction puts this home 55 years older than the comp average, a factor in the pricing. At 0.32 acres, the lot is larger than the 0.24 acre comp average, which factors into pricing. With 7 similar homes currently listed in MARTINSON (a buyer's market), competition is a factor to consider. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 120 Hilltop DR, Elgin TX 78621, with an adjusted value of $254,092; 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