111 Morris LN, Cedar Creek TX 78612

Reviewing the most recent comparable transactions, this home's market value falls around $367,568. For a well positioned listing in 78612, I'd target the $398,000 to $454,000 range. Against 3 similar active listings in 78612, this price point lands at the 2nd most expensive of 3 comparable homes on the market. At 397 sqft larger than the typical comp, the size difference factors into the valuation. The 1971 construction puts this home 27 years older than the comp average, a factor in the pricing. There are currently 3 similar homes on the market in 78612, ranging from $350,000 to $524,990. Recent trends in 78612 show home values have fallen 4% since 6 months ago. The most comparable recent sale is 425 High View Ranch DR, Cedar Creek TX 78612, with an adjusted value of $367,966; with a smaller floor plan. 7 comparable transactions in 78612 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group