298 Colorado, Cedar Creek TX 78612

After reviewing 7 recent transactions in 78612, I estimate this property's value at $660,509. A competitive list price for this home right now would fall in the $411,000 to $421,000 range. This pricing would rank the home as the 3rd least expensive of 7 comparable homes on the market in 78612's current inventory. At 19 years older than typical comps, the 1999 build date influences the valuation. The larger lot (4.60 acres versus the area average of 1.22) contributes to the valuation. There are currently 7 similar homes on the market in 78612, ranging from $399,990 to $1,295,000. Prices in 78612 have fallen 9.5% over the last 6 months. A similar home at 177 Colorado DR, Cedar Creek TX 78612 carries an adjusted comparable value of $814,423, providing a strong data point. With 7 comparable sales in 78612, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group