520 Avenue D, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $265,960. I'd recommend coming to market at $128,000 to $138,000 to strike the right balance between value and market velocity. Against 2 similar active listings in SMITH, this price point lands at the most expensive of 2 comparable homes on the market. Being 446 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 0.86 acre lot (larger than the 0.33 acre average) is reflected in the estimate. Right now, 2 similar properties are competing for buyers in SMITH, listed between $135,000 and $230,000. The trend in 78621 shows prices have fallen 9% in the past 6 months. 204 N Avenue B, Elgin TX 78621 nearby adjusts to $210,543; a strong comparable. Based on 7 relevant data points in SMITH, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX