705 M L K DR, Elgin TX 78621

My analysis of 7 comparable properties puts this home's estimated value at $216,427. Based on how the local market is moving, a list price between $145,000 and $155,000 would position this home well. Buyers shopping in SMITH, J right now would see this as a well positioned option among 6 comparable homes. At 131 sqft smaller than the typical comp, the size difference factors into the valuation. At 5 years older than typical comps, the 1944 build date influences the valuation. 6 similar homes are currently available in SMITH, J, creating a buyer's market for this price range. The 6 month price trend in 78621: fallen 7.8%. The best comp here is 121 Jackson ST, Elgin TX 78621 at an adjusted value of $181,351, a strong comparable. With 7 comparable sales in SMITH, J, 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