504 E 2nd ST, Elgin TX 78621

After reviewing 7 recent transactions in 78621, I estimate this property's value at $213,273. A competitive list price for this home right now would fall in the $217,000 to $223,000 range. Buyers shopping in 78621 right now would see this as a well positioned option among 4 comparable homes. At 47 years older than typical comps, the 1956 build date influences the valuation. The larger lot (0.18 acres versus the area average of 0.15) contributes to the valuation. With 4 similar homes currently listed in 78621 (a buyer's market), competition is a factor to consider. Prices in 78621 have fallen 8.3% over the last 6 months. A similar home at 517 N Avenue F, Elgin TX 78621 carries an adjusted comparable value of $227,953, providing a strong data point. The comp data here (7 sales in 78621) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus