13112 Winecup Mallow, Elgin TX 78621

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $230,129. To generate strong buyer interest while maximizing value, I'd price this between $255,000 and $257,000. In the current ELM CREEK market with 5 similar homes available, this price represents the most affordable of 5 comparable homes on the market. At 154 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.20 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. With 5 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 5.6% in the past 6 months. 13036 Date Palm TRL, Elgin TX 78621 nearby adjusts to $238,122; a strong comparable. 7 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