12701 Waynespur LN, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $269,187. For a well positioned listing in ELM CREEK, I'd target the $194,000 to $204,000 range. In the current ELM CREEK market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. Being 229 sqft larger than the average comparable sale in this area impacts the per square foot value. At 0.20 acres, the lot is larger than the 0.16 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in ELM CREEK, ranging from $215,000 to $295,999. Recent trends in ELM CREEK show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 12717 Wood Lily TRL, Elgin TX 78621, with an adjusted value of $286,000; a strong comparable. 5 comparable transactions in ELM CREEK 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