278 N Gaines RD, Cedar Creek TX 78612

The market data from 7 similar recent sales in 78612 points to a value of approximately $277,645. To sell within a reasonable timeframe at fair market value, the $304,000 to $351,000 range is where I'd position this. At this price, the property would be no active comparable homes on the market comparable homes currently on the market in 78612. At 1,324 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.58 acres, the lot is smaller than the 2.64 acre comp average, which factors into pricing. In 78612, home values have fallen approximately 3.1% over the past 6 months. One of the strongest data points is 153 Angelia DR, Cedar Creek TX 78612, adjusting to $206,024; with a larger floor plan. 7 comparable transactions in 78612 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group