706 E 2nd, Elgin TX 78621

Based on 7 closed sales in ELLIS, the data points to a value around $352,802 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $214,000 to $224,000. Buyers shopping in ELLIS right now would see this as a well positioned option among 5 comparable homes. The 381 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 1946 (40 years older than comps) is factored into the value estimate. There are currently 5 similar homes on the market in ELLIS, ranging from $201,000 to $799,000. Market data shows 78621 prices fallen 9.3% over the last half year. The closest comparable sale, 209 Harris ST, Elgin TX 78621 at an adjusted $346,738, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in ELLIS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group