12334 BALLERSTEDT RD, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $365,616. For a well positioned listing in CALDWELL, I'd target the $316,000 to $326,000 range. In the current CALDWELL market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. The 2015 construction puts this home 6 years older than the comp average, a factor in the pricing. At 1.30 acres, the lot is larger than the 0.17 acre comp average, which factors into pricing. 7 similar homes are currently available in CALDWELL, creating a buyer's market for this price range. Recent trends in 78621 show home values have fallen 10.5% since 6 months ago. The most comparable recent sale is 20513 Lone Peak PASS, Manor TX 78653, with an adjusted value of $340,673; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group