165 Elm Wood DR, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $477,633. For a well positioned listing in ARBORS DOGWOOD CREEK, I'd target the $262,000 to $272,000 range. In the current ARBORS DOGWOOD CREEK market with 6 similar homes available, this price represents the 3rd least expensive of 6 comparable homes on the market. The 1998 construction puts this home 9 years older than the comp average, a factor in the pricing. At 1.33 acres, the lot is larger than the 1.28 acre comp average, which factors into pricing. Current inventory shows 6 comparable homes in ARBORS DOGWOOD CREEK; a buyer's market based on recent absorption. Recent trends in ARBORS DOGWOOD CREEK show home values have risen 1.8% since 6 months ago. The most comparable recent sale is 128 Pin Oak XING, Elgin TX 78621, with an adjusted value of $452,960; with a larger floor plan. The 3 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