137 John Michael DR, Cedar Creek TX 78612

My analysis of 7 comparable properties puts this home's estimated value at $465,073. Based on how the local market is moving, a list price between $311,000 and $321,000 would position this home well. Buyers shopping in 78612 right now would see this as a well positioned option among 2 comparable homes. At 25 years older than typical comps, the 1984 build date influences the valuation. The larger lot (10.04 acres versus the area average of 5.34) contributes to the valuation. 2 similar homes are currently available in 78612, creating a buyer's market for this price range. The 6 month price trend in 78612: fallen 4%. The best comp here is 1100 Walter Hoffman RD, Cedar Creek TX 78612 at an adjusted value of $519,432, a strong comparable. With 7 comparable sales in 78612, 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