132 Wedgewood LN, Elgin TX 78621

After reviewing 7 recent transactions in CEDAR HILLS, I estimate this property's value at $321,821. A competitive list price for this home right now would fall in the $354,000 to $358,000 range. Relative to what's currently available in CEDAR HILLS, this home would be the 2nd most expensive of 3 comparable homes on the market. At 13 years older than typical comps, the 1981 build date influences the valuation. The smaller lot (0.90 acres versus the area average of 1.38) contributes to the valuation. The active market in CEDAR HILLS includes 3 comparable homes priced from $270,000 to $399,500. Prices in 78621 have fallen 8.3% over the last 6 months. A similar home at 115 Pine Cone LN, Elgin TX 78621 carries an adjusted comparable value of $357,779, providing a strong data point. With 7 comparable sales in CEDAR HILLS, 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