511 E Alamo ST, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $255,266. I'd recommend coming to market at $139,000 to $149,000 to strike the right balance between value and market velocity. In the current C C SMITH market with 5 similar homes available, this price represents the most expensive of 5 comparable homes on the market. Being 344 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 0.32 acre lot (larger than the 0.25 acre average) is reflected in the estimate. 5 similar homes are currently available in C C SMITH, creating a buyer's market for this price range. The trend in 78621 shows prices have fallen 9.1% in the past 6 months. 1130 N Main ST, Elgin TX 78621 nearby adjusts to $237,510; a strong comparable. 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