116 Live Oak DR, Cedar Creek TX 78612

After reviewing 3 recent transactions in ALUM CREEK ESTATES, I estimate this property's value at $273,980. A competitive list price for this home right now would fall in the $266,000 to $282,000 range. Buyers shopping in ALUM CREEK ESTATES right now would see this as a well positioned option among 2 comparable homes. The larger floor plan (122 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.65 acres versus the area average of 0.51) contributes to the valuation. Current inventory shows 2 comparable homes in ALUM CREEK ESTATES; a buyer's market based on recent absorption. Prices in 78612 have fallen 4.6% over the last 6 months. A similar home at 149 Live Oak DR, Cedar Creek TX 78612 carries an adjusted comparable value of $270,611, providing a strong data point. The comp data here (3 sales in ALUM CREEK ESTATES) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus