404 W Alamo ST, Elgin TX 78621

Taking into account 7 nearby comparable sales, this property's estimated value comes to $230,499. If we were to list this property today, I'd recommend a list price in the $252,000 to $253,000 range. This home's position in the current 78621 market: the 3rd most expensive of 7 comparable homes on the market among comparable properties. Being built in 1981 (25 years older than comps) is factored into the value estimate. Lot size matters here: 0.29 acres versus 0.12 for the typical comp. Current inventory shows 7 comparable homes in 78621; a buyer's market based on recent absorption. The 6 month price trend in 78621: fallen 8.3%. The best comp here is 202 S Ave B, Elgin TX 78621 at an adjusted value of $134,900, with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in 78621. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group