205 W Brenham ST # A, Elgin TX 78621

The market data from 7 similar recent sales in ELGIN CITY points to a value of approximately $241,762. To sell within a reasonable timeframe at fair market value, the $258,000 to $279,000 range is where I'd position this. With 7 comparable homes on the market in ELGIN CITY, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The 1938 construction puts this home 11 years older than the comp average, a factor in the pricing. At 0.23 acres, the lot is larger than the 0.19 acre comp average, which factors into pricing. 7 similar homes are currently available in ELGIN CITY, creating a buyer's market for this price range. In ELGIN CITY, home values have risen approximately 40.7% over the past 6 months. One of the strongest data points is 110 Lexington RD, Elgin TX 78621, adjusting to $300,934; a strong comparable. 7 comparable transactions in ELGIN CITY support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group