1403 Old Mill RD, Salado TX 76571

Based on 7 closed sales in MILL CREEK, the data points to a value around $470,347 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $459,000 to $461,000. Buyers shopping in MILL CREEK right now would see this as a well positioned option among 7 comparable homes. Being built in 2017 (6 years older than comps) is factored into the value estimate. Lot size matters here: 0.37 acres versus 0.29 for the typical comp. 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, 1218 Brody WAY, Salado TX 76571 at an adjusted $460,854, is a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus