803 E 2nd ST, Elgin TX 78621

The estimated value of this property is $310,629, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $186,000 and $196,000. In the current PHILLIPS market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. At 457 sqft larger than the typical comp, the size difference factors into the valuation. The 1.00 acre lot (smaller than the 1.79 acre average) is reflected in the estimate. 7 similar homes are currently available in PHILLIPS, creating a buyer's market for this price range. Recent trends in 78621 show home values have fallen 7.8% since 6 months ago. The most comparable recent sale is 206 M L K DR # B, Elgin TX 78621, with an adjusted value of $163,588; with a larger floor plan. Based on 7 relevant data points in PHILLIPS, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX