310 Ellis PL, Elgin TX 78621

After reviewing 7 recent transactions in ELLIS, I estimate this property's value at $226,534. A competitive list price for this home right now would fall in the $186,000 to $196,000 range. Buyers shopping in ELLIS right now would see this as a well positioned option among 3 comparable homes. The smaller floor plan (265 sqft compared to the average comp) is a meaningful differentiator in this price range. At 59 years older than typical comps, the 1926 build date influences the valuation. There are currently 3 similar homes on the market in ELLIS, ranging from $179,000 to $219,900. Prices in 78621 have fallen 5.2% over the last 6 months. A similar home at 701 E 3rd ST, Elgin TX 78621 carries an adjusted comparable value of $230,722, providing a strong data point. With 7 comparable sales in ELLIS, 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