12905 Waynespur LN, Elgin TX 78621

The market data from 4 similar recent sales in ELM CREEK points to a value of approximately $320,269. To sell within a reasonable timeframe at fair market value, the $253,000 to $263,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in ELM CREEK. The 297 sqft size difference versus comparable sales is reflected in the adjusted values. With 7 similar homes currently listed in ELM CREEK (a buyer's market), competition is a factor to consider. In ELM CREEK, home values have fallen approximately 4.3% over the past 6 months. One of the strongest data points is 12616 Wayne Spur LN, Elgin TX 78621, adjusting to $292,334; with a larger floor plan. The 4 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