12800 Waynespur LN, Elgin TX 78621

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $282,241. I'd recommend coming to market at $213,000 to $223,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in ELM CREEK. At 119 sqft larger than the typical comp, the size difference factors into the valuation. The 0.23 acre lot (larger than the 0.19 acre average) is reflected in the estimate. With 7 similar homes currently listed in ELM CREEK (a buyer's market), competition is a factor to consider. The trend in ELM CREEK shows prices have fallen 4.1% in the past 6 months. 12701 Waynespur LN, Elgin TX 78621 nearby adjusts to $304,463; a strong comparable. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group