319 S Martin Luther King DR, Elgin TX 78621

My analysis of 7 comparable properties puts this home's estimated value at $260,482. Based on how the local market is moving, a list price between $201,000 and $211,000 would position this home well. Relative to what's currently available in ELGIN CITY, this home would be the most expensive of 7 comparable homes on the market. At 11 years newer than typical comps, the 1948 build date influences the valuation. The larger lot (0.33 acres versus the area average of 0.21) contributes to the valuation. Current inventory shows 7 comparable homes in ELGIN CITY; a buyer's market based on recent absorption. The 6 month price trend in 78621: fallen 9.3%. The best comp here is 204 E Brenham ST, Elgin TX 78621 at an adjusted value of $253,028, with a smaller floor plan. 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