203 Oak River DR, Cedar Creek TX 78612

After reviewing 7 recent transactions in ELM RIDGE, I estimate this property's value at $184,484. A competitive list price for this home right now would fall in the $235,000 to $236,000 range. Relative to what's currently available in ELM RIDGE, this home would be the most affordable of 3 comparable homes on the market. This home's smaller footprint (245 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.15 acres versus the area average of 0.36) contributes to the valuation. Buyers in ELM RIDGE have 3 comparable options right now, with asking prices between $255,000 and $399,444. Prices in 78612 have fallen 1.3% over the last 6 months. A similar home at 110 Hummingbird CT, Cedar Creek TX 78612 carries an adjusted comparable value of $236,127, providing a strong data point. The comp data here (7 sales in ELM RIDGE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus