406 E 6th ST, Elgin TX 78621

After reviewing 7 recent transactions in NORTH TERRACE, I estimate this property's value at $190,002. A competitive list price for this home right now would fall in the $124,000 to $134,000 range. This home's position in the current NORTH TERRACE market: below the only comparable home currently on the market among comparable properties. This home's smaller footprint (764 sqft vs the comp average) plays a role in how the market prices it. At 27 years older than typical comps, the 1951 build date influences the valuation. 1 similar homes are currently available in NORTH TERRACE, creating a buyer's market for this price range. Prices in 78621 have fallen 8.3% over the last 6 months. A similar home at 517 N Avenue F, Elgin TX 78621 carries an adjusted comparable value of $183,960, providing a strong data point. The comp data here (7 sales in NORTH TERRACE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus