162 Mount Olive RD, Cedar Creek TX 78612

The estimated value of this property is $353,765, based on 3 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $251,000 and $261,000. At this price, the property would be the 2nd most expensive of 5 comparable homes on the market comparable homes currently on the market in 78612. At 226 sqft smaller than the typical comp, the size difference factors into the valuation. The 1.34 acre lot (larger than the 1.22 acre average) is reflected in the estimate. Current inventory shows 5 comparable homes in 78612; a buyer's market based on recent absorption. Recent trends in 78612 show home values have fallen 9.7% since 6 months ago. The most comparable recent sale is 163 S Ridge DR, Cedar Creek TX 78612, with an adjusted value of $356,296; a strong comparable. With 3 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