106 Oak River DR, Cedar Creek TX 78612

Based on 7 closed sales in ELM RIDGE, the data points to a value around $249,074 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $268,000 to $274,000. This home's position in the current ELM RIDGE market: the 2nd least expensive of 4 comparable homes on the market among comparable properties. The 419 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 1986 (10 years older than comps) is factored into the value estimate. 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, 106 N Mockingbird CIR, Cedar Creek TX 78612 at an adjusted $296,313, is with a larger floor plan. 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