617 N Avenue E, Elgin TX 78621

Taking into account 7 nearby comparable sales, this property's estimated value comes to $206,431. If we were to list this property today, I'd recommend a list price in the $228,000 to $229,000 range. Relative to what's currently available in 78621, this home would be the 2nd least expensive of 7 comparable homes on the market. Being built in 1950 (55 years older than comps) is factored into the value estimate. Lot size matters here: 0.12 acres versus 0.18 for the typical comp. Current inventory shows 7 comparable homes in 78621; a buyer's market based on recent absorption. The 6 month price trend in 78621: fallen 8.3%. The best comp here is 503 Blanco Woods BLVD, Elgin TX 78621 at an adjusted value of $228,954, a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus