111 Elm Grove DR, Cedar Creek TX 78612

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $353,740. I'd recommend coming to market at $343,000 to $392,000 to strike the right balance between value and market velocity. With 2 comparable homes on the market in 78612, this price positions the property as the most expensive of 2 comparable homes on the market. At 132 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 2000, this home is 5 years older than the average comp, which is reflected in the adjustments. Current inventory shows 2 comparable homes in 78612; a buyer's market based on recent absorption. The trend in 78612 shows prices have fallen 4.6% in the past 6 months. 163 S Ridge DR, Cedar Creek TX 78612 nearby adjusts to $342,798; a strong comparable. Based on 7 relevant data points in 78612, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX