103 N Mockingbird CIR, Cedar Creek TX 78612

Based on 7 closed sales in ELM RIDGE, the data points to a value around $212,764 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $252,000 to $263,000. Relative to what's currently available in ELM RIDGE, this home would be the most affordable of 4 comparable homes on the market. The smaller floor plan (188 sqft compared to the average comp) is a meaningful differentiator in this price range. Lot size matters here: 0.16 acres versus 0.40 for the typical comp. The active market in ELM RIDGE includes 4 comparable homes priced from $225,000 to $289,000. Market data shows 78612 prices fallen 4% over the last half year. The closest comparable sale, 110 Hummingbird CT, Cedar Creek TX 78612 at an adjusted $235,307, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in ELM RIDGE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group