423 S Avenue C, Elgin TX 78621

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $265,550. To generate strong buyer interest while maximizing value, I'd price this between $272,000 and $292,000. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78621. The 1940 construction puts this home 53 years older than the comp average, a factor in the pricing. At 0.29 acres, the lot is larger than the 0.25 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. The trend in 78621 shows prices have fallen 7.2% in the past 6 months. 826 Savannah CV, Elgin TX 78621 nearby adjusts to $224,290; 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