109 Oak River DR, Cedar Creek TX 78612

After reviewing 7 recent transactions in ELM RIDGE, I estimate this property's value at $225,250. A competitive list price for this home right now would fall in the $259,000 to $271,000 range. This pricing would rank the home as the most affordable of 4 comparable homes on the market in ELM RIDGE's current inventory. At 174 sqft smaller than the typical comp, the size difference factors into the valuation. At 17 years older than typical comps, the 1986 build date influences the valuation. Current inventory shows 4 comparable homes in ELM RIDGE; a buyer's market based on recent absorption. Prices in 78612 have fallen 4% over the last 6 months. A similar home at 106 N Mockingbird CIR, Cedar Creek TX 78612 carries an adjusted comparable value of $298,424, providing a strong data point. With 7 comparable sales in ELM RIDGE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group