309 Houston ST, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $235,233. For a well positioned listing in MADISON J, I'd target the $169,000 to $179,000 range. With 7 comparable homes on the market in MADISON J, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. The 1995 construction puts this home 25 years newer than the comp average, a factor in the pricing. At 0.23 acres, the lot is larger than the 0.18 acre comp average, which factors into pricing. 7 similar homes are currently available in MADISON J, creating a buyer's market for this price range. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 121 Jackson ST, Elgin TX 78621, with an adjusted value of $216,949; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group