805 E 2nd ST, Elgin TX 78621

My analysis of 7 comparable properties puts this home's estimated value at $500,214. Based on how the local market is moving, a list price between $485,000 and $515,000 would position this home well. This pricing would rank the home as below the only comparable home currently on the market in 78621's current inventory. This home's larger footprint (405 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (2.00 acres versus the area average of 2.40) contributes to the valuation. There are currently 1 similar homes on the market in 78621, ranging from $749,000 to $749,000. The 6 month price trend in 78621: fallen 8.3%. The best comp here is 517 Arbors CIR, Elgin TX 78621 at an adjusted value of $517,229, a strong comparable. With 7 comparable sales in 78621, 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