615 North Avenue E, Elgin TX 78621

After reviewing 3 recent transactions in WEIGLE, I estimate this property's value at $172,406. A competitive list price for this home right now would fall in the $264,000 to $267,000 range. Buyers shopping in WEIGLE right now would see this as a well positioned option among 7 comparable homes. The smaller floor plan (219 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (0.00 acres versus the area average of 0.23) contributes to the valuation. 7 similar homes are currently available in WEIGLE, creating a buyer's market for this price range. Prices in 78621 have fallen 8.8% over the last 6 months. A similar home at 202 S Ave B, Elgin TX 78621 carries an adjusted comparable value of $104,326, providing a strong data point. With 3 comparable sales in WEIGLE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group