164 Elm, Cedar Creek TX 78612

My analysis of 4 comparable properties puts this home's estimated value at $339,317. Based on how the local market is moving, a list price between $358,000 and $536,000 would position this home well. This home's position in the current 78612 market: the 2nd least expensive of 6 comparable homes on the market among comparable properties. This home's smaller footprint (278 sqft vs the comp average) plays a role in how the market prices it. At 5 years older than typical comps, the 2002 build date influences the valuation. Current inventory shows 6 comparable homes in 78612; a buyer's market based on recent absorption. The 6 month price trend in 78612: fallen 4.6%. The best comp here is 195 Heritage Oaks DR, Cedar Creek TX 78612 at an adjusted value of $353,119, a strong comparable. With 4 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