605 Old Mcdade RD, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $221,538. For a well positioned listing in 78621, I'd target the $147,000 to $157,000 range. At this price, the property would be the 4th most expensive of 7 comparable homes on the market comparable homes currently on the market in 78621. This home's smaller footprint (184 sqft vs the comp average) plays a role in how the market prices it. The 1977 construction puts this home 14 years newer than the comp average, a factor in the pricing. There are currently 7 similar homes on the market in 78621, ranging from $135,000 to $250,000. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 121 Jackson ST, Elgin TX 78621, with an adjusted value of $229,893; a strong comparable. 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