129 Oak RIV, Cedar Creek TX 78612

Reviewing the most recent comparable transactions, this home's market value falls around $243,444. For a well positioned listing in ELM RIDGE, I'd target the $236,000 to $251,000 range. In the current ELM RIDGE market with 2 similar homes available, this price represents the most affordable of 2 comparable homes on the market. The 222 sqft size difference versus comparable sales is reflected in the adjusted values. The 1987 construction puts this home 15 years older than the comp average, a factor in the pricing. Right now, 2 similar properties are competing for buyers in ELM RIDGE, listed between $249,990 and $289,900. Recent trends in 78612 show home values have fallen 4.6% since 6 months ago. The most comparable recent sale is 115 Oriole CV, Cedar Creek TX 78612, with an adjusted value of $237,383; a strong comparable. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group