523 E 2nd ST, Elgin TX 78621

The market data from 7 similar recent sales in THOMAS CHRISTIAN points to a value of approximately $205,254. To sell within a reasonable timeframe at fair market value, the $208,000 to $209,000 range is where I'd position this. In the current THOMAS CHRISTIAN market with 0 similar homes available, this price represents no active comparable homes on the market. The smaller floor plan (475 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1954 construction puts this home 5 years newer than the comp average, a factor in the pricing. In 78621, home values have fallen approximately 10% over the past 6 months. One of the strongest data points is 121 Jackson ST, Elgin TX 78621, adjusting to $156,878; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group