12828 Wood Lilly TRL, Elgin TX 78621

The market data from 7 similar recent sales in ELM CREEK points to a value of approximately $306,420. To sell within a reasonable timeframe at fair market value, the $332,000 to $354,000 range is where I'd position this. With 6 comparable homes on the market in ELM CREEK, this price positions the property as the 3rd least expensive of 6 comparable homes on the market. This home's larger footprint (932 sqft vs the comp average) plays a role in how the market prices it. The 2005 construction puts this home 7 years older than the comp average, a factor in the pricing. There are currently 6 similar homes on the market in ELM CREEK, ranging from $289,900 to $1,600,000. In ELM CREEK, home values have fallen approximately 3.5% over the past 6 months. One of the strongest data points is 12616 Wayne Spur LN, Elgin TX 78621, adjusting to $332,145; with a smaller 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