94 Louise ST, Elgin TX 78621

After reviewing 7 recent transactions in RED TOWN, I estimate this property's value at $276,612. A competitive list price for this home right now would fall in the $177,000 to $187,000 range. This home's position in the current RED TOWN market: the most expensive of 7 comparable homes on the market among comparable properties. The 253 sqft size difference versus comparable sales is reflected in the adjusted values. At 16 years newer than typical comps, the 1999 build date influences the valuation. With 7 similar homes currently listed in RED TOWN (a buyer's market), competition is a factor to consider. Prices in 78621 have fallen 8.3% over the last 6 months. A similar home at 204 E Brenham ST, Elgin TX 78621 carries an adjusted comparable value of $269,212, providing a strong data point. With 7 comparable sales in RED TOWN, 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