400 Elm Forest LOOP, Cedar Creek TX 78612

The market data from 7 similar recent sales in ELLIOTT points to a value of approximately $430,583. To sell within a reasonable timeframe at fair market value, the $418,000 to $444,000 range is where I'd position this. With 1 comparable homes on the market in ELLIOTT, this price positions the property as below the only comparable home currently on the market. The larger floor plan (963 sqft compared to the average comp) is a meaningful differentiator in this price range. At 5.49 acres, the lot is larger than the 0.88 acre comp average, which factors into pricing. Right now, 1 similar properties are competing for buyers in ELLIOTT, listed between $390,000 and $390,000. In 78612, home values have fallen approximately 4% over the past 6 months. One of the strongest data points is 179 Misty LN, Cedar Creek TX 78612, adjusting to $524,438; with a smaller floor plan. 7 comparable transactions in ELLIOTT 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