17905 Violet LN, Elgin TX 78621

The market data from 4 similar recent sales in ELM CREEK points to a value of approximately $282,486. To sell within a reasonable timeframe at fair market value, the $274,000 to $291,000 range is where I'd position this. Against 4 similar active listings in ELM CREEK, this price point lands at the 2nd most expensive of 4 comparable homes on the market. Being 116 sqft larger than the average comparable sale in this area impacts the per square foot value. At 0.14 acres, the lot is smaller than the 0.17 acre comp average, which factors into pricing. Buyers in ELM CREEK have 4 comparable options right now, with asking prices between $230,400 and $315,000. In ELM CREEK, home values have fallen approximately 4% over the past 6 months. One of the strongest data points is 17816 Honey Locust LN, Elgin TX 78621, adjusting to $241,445; with a smaller floor plan. The 4 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