1402 Old Mill RD, Salado TX 76571

After adjusting 5 comparable sales for differences in size, age, and features, this home's estimated value is $406,580. Pricing this home between $432,000 and $435,000 would put it in the competitive sweet spot for MILL CREEK. This would position the home competitively among 7 active listings in MILL CREEK. This home's smaller footprint (142 sqft vs the comp average) plays a role in how the market prices it. At 5 years older than typical comps, the 1996 build date influences the valuation. Current inventory shows 7 comparable homes in MILL CREEK; based on recent absorption. Market data shows MILL CREEK prices fallen 18.7% over the last half year. The closest comparable sale, 11200 Ridgewood DR, Salado TX 76571 at an adjusted $260,199, is a strong comparable. The comp data here (5 sales in MILL CREEK) 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