108 Marjess DR, Cedar Creek TX 78612

Reviewing the most recent comparable transactions, this home's market value falls around $350,011. For a well positioned listing in LAZY ACRES, I'd target the $294,000 to $304,000 range. With 5 comparable homes on the market in LAZY ACRES, this price positions the property as the 2nd most expensive of 5 comparable homes on the market. Being 298 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1975 construction puts this home 15 years older than the comp average, a factor in the pricing. Current inventory shows 5 comparable homes in LAZY ACRES; a buyer's market based on recent absorption. Recent trends in 78612 show home values have fallen 4% since 6 months ago. The most comparable recent sale is 182 Lake Front DR, Cedar Creek TX 78612, with an adjusted value of $371,070; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group