831 E 2nd ST, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $340,439. For a well positioned listing in CHRISTIAN, THOMAS, I'd target the $220,000 to $230,000 range. With 7 comparable homes on the market in CHRISTIAN, THOMAS, this price positions the property as the most expensive of 7 comparable homes on the market. The 1997 construction puts this home 10 years newer than the comp average, a factor in the pricing. At 1.00 acres, the lot is smaller than the 2.22 acre comp average, which factors into pricing. With 7 similar homes currently listed in CHRISTIAN, THOMAS (a buyer's market), competition is a factor to consider. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 151 Ella LN, Elgin TX 78621, with an adjusted value of $318,483; a strong comparable. 7 comparable transactions in CHRISTIAN, THOMAS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group