315 Williams ST, Elgin TX 78621

After reviewing 7 recent transactions in SMITH, J, I estimate this property's value at $253,672. A competitive list price for this home right now would fall in the $210,000 to $220,000 range. This home's position in the current SMITH, J market: the most expensive of 6 comparable homes on the market among comparable properties. At 17 years older than typical comps, the 1949 build date influences the valuation. The smaller lot (0.11 acres versus the area average of 0.79) contributes to the valuation. The active market in SMITH, J includes 6 comparable homes priced from $215,000 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 $240,103, providing a strong data point. With 7 comparable sales in SMITH, J, 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