110 Hummingbird CT, Cedar Creek TX 78612

My analysis of 7 comparable properties puts this home's estimated value at $253,770. Based on how the local market is moving, a list price between $271,000 and $301,000 would position this home well. This pricing would rank the home as the 2nd least expensive of 4 comparable homes on the market in ELM RIDGE's current inventory. The smaller floor plan (168 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (0.14 acres versus the area average of 1.18) contributes to the valuation. With 4 similar homes currently listed in ELM RIDGE (a buyer's market), competition is a factor to consider. The 6 month price trend in 78612: fallen 2.4%. The best comp here is 129 Shadow Wood TRL, Cedar Creek TX 78612 at an adjusted value of $222,594, a strong comparable. 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