117 High Point BLVD, Cedar Creek TX 78612

The market data from 7 similar recent sales in ELM RIDGE points to a value of approximately $255,556. To sell within a reasonable timeframe at fair market value, the $207,000 to $217,000 range is where I'd position this. With 3 comparable homes on the market in ELM RIDGE, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. The 253 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.00 acres, the lot is smaller than the 0.42 acre comp average, which factors into pricing. The active market in ELM RIDGE includes 3 comparable homes priced from $219,000 to $325,000. In 78612, home values have fallen approximately 0.9% over the past 6 months. One of the strongest data points is 103 Winecup PATH, Cedar Creek TX 78612, adjusting to $182,490; a strong comparable. 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