18140 Basket Flower BND, Elgin TX 78621

After reviewing 5 recent transactions in ELM CREEK, I estimate this property's value at $301,921. A competitive list price for this home right now would fall in the $255,000 to $265,000 range. Buyers shopping in ELM CREEK right now would see this as a well positioned option among 7 comparable homes. At 345 sqft larger than the typical comp, the size difference factors into the valuation. The smaller lot (0.14 acres versus the area average of 0.18) contributes to the valuation. With 7 similar homes currently listed in ELM CREEK (a buyer's market), competition is a factor to consider. Prices in ELM CREEK have fallen 5.2% over the last 6 months. A similar home at 12616 Wayne Spur LN, Elgin TX 78621 carries an adjusted comparable value of $291,111, providing a strong data point. With 5 comparable sales in ELM CREEK, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group