2513 State Highway 71 W, Cedar Creek TX 78612

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $381,009. I'd recommend coming to market at $259,000 to $269,000 to strike the right balance between value and market velocity. In the current 78612 market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. Built in 2001, this home is 12 years newer than the average comp, which is reflected in the adjustments. The 4.99 acre lot (larger than the 2.18 acre average) is reflected in the estimate. With 7 similar homes currently listed in 78612 (a buyer's market), competition is a factor to consider. The trend in 78612 shows prices have fallen 1% in the past 6 months. 202 Elm Forest LOOP, Cedar Creek TX 78612 nearby adjusts to $368,982; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group