197 Oak River DR, Cedar Creek TX 78612

Reviewing the most recent comparable transactions, this home's market value falls around $247,677. For a well positioned listing in ELM RIDGE, I'd target the $274,000 to $290,000 range. With 3 comparable homes on the market in ELM RIDGE, this price positions the property as the most affordable of 3 comparable homes on the market. The 252 sqft size difference versus comparable sales is reflected in the adjusted values. Current inventory shows 3 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 115 Oriole CV, Cedar Creek TX 78612, with an adjusted value of $289,897; with a smaller floor plan. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group