12817 Waynespur LN, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $332,161. For a well positioned listing in ELM CREEK, I'd target the $214,000 to $224,000 range. With 7 comparable homes on the market in ELM CREEK, this price positions the property as the most expensive of 7 comparable homes on the market. At 208 sqft larger than the typical comp, the size difference factors into the valuation. At 0.26 acres, the lot is larger than the 0.19 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in ELM CREEK; a balanced market based on recent absorption. Recent trends in ELM CREEK show home values have fallen 4.1% since 6 months ago. The most comparable recent sale is 12701 Waynespur LN, Elgin TX 78621, with an adjusted value of $327,091; with a smaller floor plan. 3 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