429 S Avenue C, Elgin TX 78621

The market data from 7 similar recent sales in MAXIMUS points to a value of approximately $308,759. To sell within a reasonable timeframe at fair market value, the $255,000 to $265,000 range is where I'd position this. With 7 comparable homes on the market in MAXIMUS, this price positions the property as the most expensive of 7 comparable homes on the market. The 1940 construction puts this home 42 years older than the comp average, a factor in the pricing. At 0.24 acres, the lot is larger than the 0.20 acre comp average, which factors into pricing. Buyers in MAXIMUS have 7 comparable options right now, with asking prices between $259,999 and $311,450. In 78621, home values have fallen approximately 4.7% over the past 6 months. One of the strongest data points is 901 N Main ST, Elgin TX 78621, adjusting to $342,752; with a smaller floor plan. 7 comparable transactions in MAXIMUS 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