307 W 3rd ST, Elgin TX 78621

After reviewing 7 recent transactions in ELGIN CITY, I estimate this property's value at $290,868. A competitive list price for this home right now would fall in the $354,000 to $358,000 range. This pricing would rank the home as the most affordable of 7 comparable homes on the market in ELGIN CITY's current inventory. At 1,360 sqft larger than the typical comp, the size difference factors into the valuation. At 9 years newer than typical comps, the 1950 build date influences the valuation. With 7 similar homes currently listed in ELGIN CITY (a buyer's market), competition is a factor to consider. 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 $271,110, 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