701 Lexington RD, Elgin TX 78621

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $275,402. I'd recommend coming to market at $225,000 to $235,000 to strike the right balance between value and market velocity. Against 7 similar active listings in CHRISTIAN, THOMAS, this price point lands at the 2nd most expensive of 7 comparable homes on the market. Built in 1935, this home is 23 years older than the average comp, which is reflected in the adjustments. The 0.99 acre lot (smaller than the 1.78 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in CHRISTIAN, THOMAS, listed between $246,990 and $299,999. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 110 Lexington RD, Elgin TX 78621 nearby adjusts to $324,554; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group