701 Arrowhead DR, Salado TX 76571

Reviewing the most recent comparable transactions, this home's market value falls around $320,534. For a well positioned listing in MILL CREEK, I'd target the $375,000 to $378,000 range. At this price, the property would be the most affordable of 5 comparable homes on the market comparable homes currently on the market in MILL CREEK. The 1975 construction puts this home 22 years older than the comp average, a factor in the pricing. At 0.36 acres, the lot is smaller than the 0.39 acre comp average, which factors into pricing. Current inventory shows 5 comparable homes in MILL CREEK; based on recent absorption. Recent trends in MILL CREEK show home values have fallen 18.7% since 6 months ago. The most comparable recent sale is 531 Santa Rosa RD, Salado TX 76571, with an adjusted value of $227,154; a strong comparable. 7 comparable transactions in MILL CREEK support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group