17709 Majestic Elm LN, Elgin TX 78621

The market data from 5 similar recent sales in ELM CREEK points to a value of approximately $237,508. To sell within a reasonable timeframe at fair market value, the $139,000 to $149,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 5 comparable homes on the market comparable homes currently on the market in ELM CREEK. This home's smaller footprint (120 sqft vs the comp average) plays a role in how the market prices it. The 2011 construction puts this home 8 years newer than the comp average, a factor in the pricing. 5 similar homes are currently available in ELM CREEK, creating a balanced market for this price range. In ELM CREEK, home values have fallen approximately 4.4% over the past 6 months. One of the strongest data points is 17609 Soapberry CV, Elgin TX 78621, adjusting to $241,517; a strong comparable. 5 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