112 S Mockingbird CIR, Cedar Creek TX 78612

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $230,435. I'd recommend coming to market at $266,000 to $278,000 to strike the right balance between value and market velocity. In the current ELM RIDGE market with 4 similar homes available, this price represents the most affordable of 4 comparable homes on the market. The 105 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 1986, this home is 11 years older than the average comp, which is reflected in the adjustments. Current inventory shows 4 comparable homes in ELM RIDGE; a buyer's market based on recent absorption. The trend in 78612 shows prices have fallen 4% in the past 6 months. 106 N Mockingbird CIR, Cedar Creek TX 78612 nearby adjusts to $319,505; a strong comparable. Based on 7 relevant data points in ELM RIDGE, 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