408 S Avenue A, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $294,909. For a well positioned listing in 78621, I'd target the $308,000 to $352,000 range. Against 7 similar active listings in 78621, this price point lands at the 3rd least expensive of 7 comparable homes on the market. The 1925 construction puts this home 86 years older than the comp average, a factor in the pricing. At 0.34 acres, the lot is smaller than the 0.68 acre comp average, which factors into pricing. With 7 similar homes currently listed in 78621 (a buyer's market), competition is a factor to consider. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 150 Beaver RD, Elgin TX 78621, with an adjusted value of $372,436; a strong comparable. 7 comparable transactions in 78621 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group