223 Elmwood DR, New Braunfels TX 78130

My analysis of 3 comparable properties puts this home's estimated value at $450,324. Based on how the local market is moving, a list price between $514,000 and $680,000 would position this home well. This pricing would rank the home as the most affordable of 4 comparable homes on the market in 78130's current inventory. The smaller floor plan (153 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.37 acres versus the area average of 0.32) contributes to the valuation. Current inventory shows 4 comparable homes in 78130; a buyer's market based on recent absorption. The 6 month price trend in 78130: risen 4.8%. The best comp here is 702 California BLVD # 702, New Braunfels TX 78130 at an adjusted value of $376,359, a strong comparable. The comp data here (3 sales in 78130) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus