130 S Mockingbird CIR, Cedar Creek TX 78612

After reviewing 4 recent transactions in ELM RIDGE, I estimate this property's value at $241,093. A competitive list price for this home right now would fall in the $259,000 to $261,000 range. Relative to what's currently available in ELM RIDGE, this home would be the most expensive of 2 comparable homes on the market. At 107 sqft larger than the typical comp, the size difference factors into the valuation. At 5 years newer than typical comps, the 2007 build date influences the valuation. 2 similar homes are currently available in ELM RIDGE, creating a buyer's market for this price range. Prices in 78612 have fallen 4.6% over the last 6 months. A similar home at 129 Shadow Wood TRL, Cedar Creek TX 78612 carries an adjusted comparable value of $261,050, providing a strong data point. With 4 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