113 W 7TH ST, Elgin TX 78621

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $312,781. I'd recommend coming to market at $337,000 to $342,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in W &, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. The 291 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 1940, this home is 35 years older than the average comp, which is reflected in the adjustments. 7 similar homes are currently available in W &, creating a buyer's market for this price range. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 911 N Avenue C ST, Elgin TX 78621 nearby adjusts to $255,606; with a smaller floor plan. Based on 7 relevant data points in W &, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX