5 recent sales within a few blocks of this address suggest a current value of $241,702. My recommended list price range for this property would be $254,000 to $262,000. In the current ELM CREEK market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. Being 119 sqft larger than the average comparable sale in this area impacts the per square foot value. Right now, 7 similar properties are competing for buyers in ELM CREEK, listed between $245,000 and $285,000. In ELM CREEK, home values have fallen approximately 4.9% over the past 6 months. One of the strongest data points is 12612 Wayne Spur LN, Elgin TX 78621, adjusting to $189,668; a strong comparable. Based on 5 relevant data points in ELM CREEK, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX