12716 Waynespur LN, Elgin TX 78621

After reviewing 7 recent transactions in ELM CREEK, I estimate this property's value at $304,580. A competitive list price for this home right now would fall in the $260,000 to $270,000 range. This home's position in the current ELM CREEK market: the 2nd least expensive of 6 comparable homes on the market among comparable properties. At 845 sqft larger than the typical comp, the size difference factors into the valuation. At 6 years older than typical comps, the 2006 build date influences the valuation. 6 similar homes are currently available in ELM CREEK, creating a buyer's market for this price range. Prices in ELM CREEK have fallen 4.9% over the last 6 months. A similar home at 12616 Wayne Spur LN, Elgin TX 78621 carries an adjusted comparable value of $345,260, providing a strong data point. With 7 comparable sales in ELM CREEK, 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