120 Cayman DR, Cedar Creek TX 78612

After reviewing 7 recent transactions in 78612, I estimate this property's value at $394,543. A competitive list price for this home right now would fall in the $329,000 to $339,000 range. This pricing would rank the home as the most expensive of 4 comparable homes on the market in 78612's current inventory. At 6 years older than typical comps, the 2019 build date influences the valuation. The larger lot (0.60 acres versus the area average of 0.52) contributes to the valuation. There are currently 4 similar homes on the market in 78612, ranging from $300,000 to $431,990. Prices in 78612 have fallen 4.6% over the last 6 months. A similar home at 246 Great Northern DR, Cedar Creek TX 78612 carries an adjusted comparable value of $441,196, providing a strong data point. With 7 comparable sales in 78612, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group