704 Madison ST, Elgin TX 78621

The market data from 7 similar recent sales in SMITH, J points to a value of approximately $239,379. To sell within a reasonable timeframe at fair market value, the $271,000 to $303,000 range is where I'd position this. Among the similar homes currently available in SMITH, J, this price point stands out as competitive. The 1942 construction puts this home 52 years older than the comp average, a factor in the pricing. At 0.11 acres, the lot is smaller than the 1.69 acre comp average, which factors into pricing. 7 similar homes are currently available in SMITH, J, creating a buyer's market for this price range. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 202 S Ave B, Elgin TX 78621, adjusting to $119,962; a strong comparable. 7 comparable transactions in SMITH, J support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group