245 Mount Olive RD # B, Cedar Creek TX 78612

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $284,202. To generate strong buyer interest while maximizing value, I'd price this between $325,000 and $367,000. Against 4 similar active listings in SOUTH RIDGE ESTATES, this price point lands at the 2nd least expensive of 4 comparable homes on the market. The 1980 construction puts this home 25 years older than the comp average, a factor in the pricing. At 0.57 acres, the lot is smaller than the 2.66 acre comp average, which factors into pricing. Right now, 4 similar properties are competing for buyers in SOUTH RIDGE ESTATES, listed between $299,900 and $419,000. The trend in 78612 shows prices have fallen 4% in the past 6 months. 163 S Ridge DR, Cedar Creek TX 78612 nearby adjusts to $289,472; a strong comparable. The 7 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