400 Elm Forest LOOP, Cedar Creek TX 78612

The market data from 7 similar recent sales in ELLIOTT points to a value of approximately $522,968. To sell within a reasonable timeframe at fair market value, the $539,000 to $545,000 range is where I'd position this. With 2 comparable homes on the market in ELLIOTT, this price positions the property as the most expensive of 2 comparable homes on the market. The larger floor plan (589 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2009 construction puts this home 5 years newer than the comp average, a factor in the pricing. Right now, 2 similar properties are competing for buyers in ELLIOTT, listed between $390,000 and $769,900. In 78612, home values have fallen approximately 1.1% over the past 6 months. One of the strongest data points is 175 Fawn Ridge RD, Cedar Creek TX 78612, adjusting to $516,544; a strong comparable. 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