707 N Main ST, Elgin TX 78621

The market data from 7 similar recent sales in W & points to a value of approximately $255,265. To sell within a reasonable timeframe at fair market value, the $160,000 to $170,000 range is where I'd position this. Among the similar homes currently available in W &, this price point stands out as competitive. Being 432 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1970 construction puts this home 21 years newer than the comp average, a factor in the pricing. The active market in W & includes 7 comparable homes priced from $189,990 to $250,000. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 209 E 8th ST, Elgin TX 78621, adjusting to $275,992; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group