413 E 7th ST, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $218,835. For a well positioned listing in GARRETT, I'd target the $171,000 to $181,000 range. Against 7 similar active listings in GARRETT, this price point lands at the 4th most expensive of 7 comparable homes on the market. The smaller floor plan (107 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1944 construction puts this home 42 years older than the comp average, a factor in the pricing. There are currently 7 similar homes on the market in GARRETT, ranging from $175,000 to $268,000. Recent trends in 78621 show home values have fallen 5.9% since 6 months ago. The most comparable recent sale is 1130 N Main ST, Elgin TX 78621, with an adjusted value of $226,084; 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