186 ESTATE ROW, Cedar Creek TX 78612

After reviewing 5 recent transactions in FOREST, I estimate this property's value at $553,971. A competitive list price for this home right now would fall in the $444,000 to $454,000 range. This pricing would rank the home as the 2nd most expensive of 3 comparable homes on the market in FOREST's current inventory. Being 217 sqft smaller than the average comparable sale in this area impacts the per square foot value. The larger lot (1.88 acres versus the area average of 1.60) contributes to the valuation. Buyers in FOREST have 3 comparable options right now, with asking prices between $415,000 and $645,000. Prices in 78612 have fallen 4% over the last 6 months. A similar home at 179 Estate ROW, Cedar Creek TX 78612 carries an adjusted comparable value of $570,988, providing a strong data point. With 5 comparable sales in FOREST, 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