127 Gibby Loop LOOP, Cedar Creek TX 78612

The estimated value of this property is $350,720, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $340,000 and $361,000. With 1 comparable homes on the market in POPE BEND, this price positions the property as below the only comparable home currently on the market. Built in 2022, this home is 32 years newer than the average comp, which is reflected in the adjustments. The 0.75 acre lot (smaller than the 1.97 acre average) is reflected in the estimate. Current inventory shows 1 comparable homes in POPE BEND; a buyer's market based on recent absorption. Recent trends in 78612 show home values have fallen 4% since 6 months ago. The most comparable recent sale is 116 Little LOOP, Cedar Creek TX 78612, with an adjusted value of $302,308; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group