121 High Point BLVD, Cedar Creek TX 78612

Reviewing the most recent comparable transactions, this home's market value falls around $240,406. For a well positioned listing in ELM RIDGE, I'd target the $260,000 to $265,000 range. With 4 comparable homes on the market in ELM RIDGE, this price positions the property as the 2nd least expensive of 4 comparable homes on the market. At 396 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.16 acres, the lot is smaller than the 0.45 acre comp average, which factors into pricing. Right now, 4 similar properties are competing for buyers in ELM RIDGE, listed between $225,000 and $289,000. Recent trends in 78612 show home values have fallen 5.3% since 6 months ago. The most comparable recent sale is 110 Hummingbird CT, Cedar Creek TX 78612, with an adjusted value of $231,526; with a larger floor plan. 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