414 E 8th ST, Elgin TX 78621

After reviewing 7 recent transactions in 78621, I estimate this property's value at $300,089. A competitive list price for this home right now would fall in the $321,000 to $341,000 range. This pricing would rank the home as the most affordable of 7 comparable homes on the market in 78621's current inventory. At 107 years older than typical comps, the 1910 build date influences the valuation. The larger lot (0.37 acres versus the area average of 0.18) contributes to the valuation. 7 similar homes are currently available in 78621, 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 11104 Roving PASS, Elgin TX 78621 carries an adjusted comparable value of $267,939, providing a strong data point. With 7 comparable sales in 78621, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group