508 N Avenue H, Elgin TX 78621

Based on 7 closed sales in NORTH TERRACE, the data points to a value around $238,389 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $231,000 to $246,000. This home's position in the current NORTH TERRACE market: the most affordable of 7 comparable homes on the market among comparable properties. Being built in 1950 (44 years older than comps) is factored into the value estimate. Lot size matters here: 0.43 acres versus 0.24 for the typical comp. There are currently 7 similar homes on the market in NORTH TERRACE, ranging from $259,950 to $312,500. Market data shows 78621 prices fallen 11% over the last half year. The closest comparable sale, 324 McClendon DR, Elgin TX 78621 at an adjusted $154,239, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in NORTH TERRACE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group