8505 Spring Creek LOOP, Salado TX 76571

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $734,841. I'd recommend coming to market at $617,000 to $627,000 to strike the right balance between value and market velocity. Against 7 similar active listings in 76571, this price point lands at the 2nd most expensive of 7 comparable homes on the market. The 128 sqft size difference versus comparable sales is reflected in the adjusted values. The 0.78 acre lot (larger than the 0.63 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in 76571, listed between $599,000 and $869,700. The trend in 76571 shows prices have fallen 7.4% in the past 6 months. 6792 Kings Mill DR, Salado TX 76571 nearby adjusts to $805,747; with a smaller floor plan. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group