117 Elm Grove DR, Cedar Creek TX 78612

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $348,783. To generate strong buyer interest while maximizing value, I'd price this between $440,000 and $462,000. Against 4 similar active listings in 78612, this price point lands at the 2nd least expensive of 4 comparable homes on the market. The 2001 construction puts this home 9 years older than the comp average, a factor in the pricing. At 0.84 acres, the lot is larger than the 0.30 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in 78612; a buyer's market based on recent absorption. The trend in 78612 shows prices have fallen 4.6% in the past 6 months. 154 Clark Jason LN, Cedar Creek TX 78612 nearby adjusts to $293,794; a strong comparable. 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