202 S Avenue A, Elgin TX 78621

After reviewing 7 recent transactions in ELGIN CITY, I estimate this property's value at $255,361. A competitive list price for this home right now would fall in the $254,000 to $273,000 range. Relative to what's currently available in ELGIN CITY, this home would be the 2nd most expensive of 7 comparable homes on the market. At 41 years older than typical comps, the 1924 build date influences the valuation. The larger lot (0.44 acres versus the area average of 0.13) contributes to the valuation. There are currently 7 similar homes on the market in ELGIN CITY, ranging from $224,999 to $299,000. Prices in 78621 have fallen 8.3% over the last 6 months. A similar home at 204 E Brenham ST, Elgin TX 78621 carries an adjusted comparable value of $232,043, providing a strong data point. With 7 comparable sales in ELGIN CITY, 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