512 E 8th ST, Elgin TX 78621

The market data from 7 similar recent sales in GARRETTS SECOND points to a value of approximately $224,364. To sell within a reasonable timeframe at fair market value, the $186,000 to $196,000 range is where I'd position this. With 7 comparable homes on the market in GARRETTS SECOND, this price positions the property as the 4th most expensive of 7 comparable homes on the market. Being 214 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1956 construction puts this home 32 years older than the comp average, a factor in the pricing. Buyers in GARRETTS SECOND have 7 comparable options right now, with asking prices between $199,990 and $249,900. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 517 N Avenue F, Elgin TX 78621, adjusting to $220,522; a strong comparable. 7 comparable transactions in GARRETTS SECOND 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