181 Mount Olive RD, Cedar Creek TX 78612

The market data from 7 similar recent sales in ELM GROVE PHASE ONE points to a value of approximately $365,695. To sell within a reasonable timeframe at fair market value, the $344,000 to $392,000 range is where I'd position this. At this price, the property would be the most expensive of 2 comparable homes on the market comparable homes currently on the market in ELM GROVE PHASE ONE. The smaller floor plan (313 sqft compared to the average comp) is a meaningful differentiator in this price range. At 1.00 acres, the lot is smaller than the 2.52 acre comp average, which factors into pricing. There are currently 2 similar homes on the market in ELM GROVE PHASE ONE, ranging from $299,900 to $419,000. In 78612, home values have fallen approximately 4% over the past 6 months. One of the strongest data points is 255 W Oak LOOP, Cedar Creek TX 78612, adjusting to $332,180; a strong comparable. 7 comparable transactions in ELM GROVE PHASE ONE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group