My analysis of 7 comparable properties puts this home's estimated value at $374,595. Based on how the local market is moving, a list price between $377,000 and $386,000 would position this home well. This would position the home competitively among 5 active listings in ELM GROVE SEC ONE. The larger lot (0.20 acres versus the area average of 0.17) contributes to the valuation. The active market in ELM GROVE SEC ONE includes 5 comparable homes priced from $359,000 to $429,000. The 6 month price trend in 78610: fallen 8.9%. The best comp here is 954 Clear Springs HOLW, Buda TX 78610 at an adjusted value of $376,154, with a larger floor plan. With 7 comparable sales in ELM GROVE SEC ONE, 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