405 W Alamo ST, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $257,787. For a well positioned listing in SMITH, J, I'd target the $308,000 to $323,000 range. With 7 comparable homes on the market in SMITH, J, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. The 1940 construction puts this home 54 years older than the comp average, a factor in the pricing. At 0.50 acres, the lot is larger than the 0.17 acre comp average, which factors into pricing. Buyers in SMITH, J have 7 comparable options right now, with asking prices between $245,000 and $379,905. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 907 N Avenue C, Elgin TX 78621, with an adjusted value of $352,738; 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