18020 Honey Locust LN, Elgin TX 78621

The comparable sales data (5 recent transactions in ELM CREEK) supports an estimated value of $243,540. The data suggests a list price between $279,000 and $286,000 would attract qualified buyers without leaving money on the table. Buyers shopping in ELM CREEK right now would see this as a well positioned option among 7 comparable homes. Lot size matters here: 0.13 acres versus 0.17 for the typical comp. Current inventory shows 7 comparable homes in ELM CREEK; a balanced market based on recent absorption. Prices in ELM CREEK have risen 1.4% over the last 6 months. A similar home at 17816 Honey Locust LN, Elgin TX 78621 carries an adjusted comparable value of $206,400, providing a strong data point. The strength of this estimate comes from 5 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