163 S Ridge DR, Cedar Creek TX 78612

The estimated value of this property is $377,661, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $278,000 and $288,000. At this price, the property would be the most expensive of 2 comparable homes on the market comparable homes currently on the market in SOUTH RIDGE ESTATES. Built in 1996, this home is 15 years newer than the average comp, which is reflected in the adjustments. The 1.37 acre lot (smaller than the 4.32 acre average) is reflected in the estimate. Current inventory shows 2 comparable homes in SOUTH RIDGE ESTATES; a buyer's market based on recent absorption. Recent trends in 78612 show home values have fallen 3.4% since 6 months ago. The most comparable recent sale is 235 Murchison DR, Cedar Creek TX 78612, with an adjusted value of $354,363; with a larger floor plan. With 7 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