128 Shadow Wood TRL, Cedar Creek TX 78612

After reviewing 7 recent transactions in ELM RIDGE, I estimate this property's value at $224,242. A competitive list price for this home right now would fall in the $261,000 to $271,000 range. This home's position in the current ELM RIDGE market: the 2nd most expensive of 3 comparable homes on the market among comparable properties. At 384 sqft smaller than the typical comp, the size difference factors into the valuation. The smaller lot (0.15 acres versus the area average of 0.30) contributes to the valuation. Right now, 3 similar properties are competing for buyers in ELM RIDGE, listed between $225,000 and $350,000. Prices in 78612 have fallen 4% over the last 6 months. A similar home at 106 N Mockingbird CIR, Cedar Creek TX 78612 carries an adjusted comparable value of $296,135, providing a strong data point. With 7 comparable sales in ELM RIDGE, 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