182 Oak River DR, Cedar Creek TX 78612

Reviewing the most recent comparable transactions, this home's market value falls around $198,815. For a well positioned listing in ELM RIDGE, I'd target the $193,000 to $205,000 range. Among the similar homes currently available in ELM RIDGE, this price point stands out as competitive. At 414 sqft smaller than the typical comp, the size difference factors into the valuation. The 2001 construction puts this home 8 years newer than the comp average, a factor in the pricing. Current inventory shows 1 comparable homes in ELM RIDGE; a buyer's market based on recent absorption. Recent trends in 78612 show home values have fallen 4% since 6 months ago. The most comparable recent sale is 110 Hummingbird CT, Cedar Creek TX 78612, with an adjusted value of $204,823; with a larger floor plan. 7 comparable transactions in ELM RIDGE 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