Taking into account 7 nearby comparable sales, this property's estimated value comes to $347,620. If we were to list this property today, I'd recommend a list price in the $399,000 to $404,000 range. This home's position in the current ELM CREEK market: the most affordable of 3 comparable homes on the market among comparable properties. The larger floor plan (1,876 sqft compared to the average comp) is a meaningful differentiator in this price range. Lot size matters here: 0.48 acres versus 0.17 for the typical comp. Right now, 3 similar properties are competing for buyers in ELM CREEK, listed between $374,500 and $1,290,000. The 6 month price trend in ELM CREEK: fallen 1.7%. The best comp here is 12824 Wood Lily TRL, Elgin TX 78621 at an adjusted value of $403,678, with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in ELM CREEK. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group