603 N Main ST, Elgin TX 78621

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $322,208. I'd recommend coming to market at $161,000 to $171,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in W &, this price positions the property as the most expensive of 7 comparable homes on the market. The 583 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 1975, this home is 45 years newer than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in W &, listed between $180,000 and $250,000. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 209 E 8th ST, Elgin TX 78621 nearby adjusts to $312,349; a strong comparable. Based on 5 relevant data points in W &, 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