16 M L K DR, Elgin TX 78621

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $207,965. Pricing this home between $136,000 and $146,000 would put it in the competitive sweet spot for ELGIN CITY. This pricing would rank the home as the 3rd most expensive of 5 comparable homes on the market in ELGIN CITY's current inventory. At 176 sqft smaller than the typical comp, the size difference factors into the valuation. At 6 years older than typical comps, the 1948 build date influences the valuation. Right now, 5 similar properties are competing for buyers in ELGIN CITY, listed between $135,000 and $250,000. Market data shows 78621 prices fallen 8.3% over the last half year. The closest comparable sale, 204 N Avenue B, Elgin TX 78621 at an adjusted $201,234, is with a smaller floor plan. The comp data here (7 sales in ELGIN CITY) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus