114 Winecup PATH, Cedar Creek TX 78612

The market data from 7 similar recent sales in ELM RIDGE points to a value of approximately $234,040. To sell within a reasonable timeframe at fair market value, the $227,000 to $241,000 range is where I'd position this. With 1 comparable homes on the market in ELM RIDGE, this price positions the property as below the only comparable home currently on the market. Being 529 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 0.13 acres, the lot is smaller than the 0.45 acre comp average, which factors into pricing. The active market in ELM RIDGE includes 1 comparable homes priced from $350,000 to $350,000. In 78612, home values have fallen approximately 5.3% over the past 6 months. One of the strongest data points is 110 Hummingbird CT, Cedar Creek TX 78612, adjusting to $220,597; with a larger floor plan. 7 comparable transactions in ELM RIDGE 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