114 Winecup PATH, Cedar Creek TX 78612

Based on 7 closed sales in ELM RIDGE, the data points to a value around $224,524 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $218,000 to $231,000. This pricing would rank the home as below the only comparable home currently on the market in ELM RIDGE's current inventory. At 565 sqft smaller than the typical comp, the size difference factors into the valuation. Lot size matters here: 0.14 acres versus 0.31 for the typical comp. 1 similar homes are currently available in ELM RIDGE, creating a buyer's market for this price range. Market data shows 78612 prices fallen 4% over the last half year. The closest comparable sale, 110 Hummingbird CT, Cedar Creek TX 78612 at an adjusted $220,597, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in ELM RIDGE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group