506 Lexington RD, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $262,231. I'd recommend coming to market at $223,000 to $233,000 to strike the right balance between value and market velocity. Among the similar homes currently available in GARRETT, this price point stands out as competitive. At 139 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1911, this home is 51 years older than the average comp, which is reflected in the adjustments. The active market in GARRETT includes 6 comparable homes priced from $215,000 to $2,000,000. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 518 N Avenue F, Elgin TX 78621 nearby adjusts to $364,161; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group