853 CENTRAL Ave, Elgin TX 78621

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $232,213. Pricing this home between $242,000 and $264,000 would put it in the competitive sweet spot for 78621. Buyers shopping in 78621 right now would see this as a well positioned option among 7 comparable homes. At 47 years older than typical comps, the 1960 build date influences the valuation. The larger lot (1.04 acres versus the area average of 0.12) contributes to the valuation. Current inventory shows 7 comparable homes in 78621; a buyer's market based on recent absorption. Market data shows 78621 prices fallen 8.3% over the last half year. The closest comparable sale, 167 Daylily DR, Elgin TX 78621 at an adjusted $219,722, is 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