318 Colorado DR, Cedar Creek TX 78612

The market data from 7 similar recent sales in 78612 points to a value of approximately $347,054. To sell within a reasonable timeframe at fair market value, the $332,000 to $333,000 range is where I'd position this. Against 5 similar active listings in 78612, this price point lands at the 2nd most expensive of 5 comparable homes on the market. The 1997 construction puts this home 20 years older than the comp average, a factor in the pricing. At 3.08 acres, the lot is larger than the 2.20 acre comp average, which factors into pricing. There are currently 5 similar homes on the market in 78612, ranging from $299,900 to $739,900. In 78612, home values have fallen approximately 4.6% over the past 6 months. One of the strongest data points is 356 Cedar LN, Cedar Creek TX 78612, adjusting to $564,843; a strong comparable. 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