523 N Ave F, Elgin TX 78621

Based on 7 closed sales in NORTH TERRACE, the data points to a value around $274,101 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $207,000 to $217,000. This home's position in the current NORTH TERRACE market: the 4th most expensive of 7 comparable homes on the market among comparable properties. Being built in 1960 (30 years older than comps) is factored into the value estimate. Lot size matters here: 1.82 acres versus 0.23 for the typical comp. Current inventory shows 7 comparable homes in NORTH TERRACE; a buyer's market based on recent absorption. Market data shows 78621 prices fallen 8.3% over the last half year. The closest comparable sale, 517 N Avenue F, Elgin TX 78621 at an adjusted $269,430, is with a smaller floor plan. 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