409 Lexington RD, Elgin TX 78621

The market data from 7 similar recent sales in NORTH TERRACE points to a value of approximately $278,318. To sell within a reasonable timeframe at fair market value, the $300,000 to $316,000 range is where I'd position this. In the current NORTH TERRACE market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. The 1956 construction puts this home 27 years older than the comp average, a factor in the pricing. At 0.27 acres, the lot is smaller than the 0.94 acre comp average, which factors into pricing. The active market in NORTH TERRACE includes 7 comparable homes priced from $264,000 to $349,900. In 78621, home values have fallen approximately 11% over the past 6 months. One of the strongest data points is 216 Loesch DR, Elgin TX 78621, adjusting to $239,130; 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