Reviewing the most recent comparable transactions, this home's market value falls around $384,073. For a well positioned listing in HERITAGE OAKS, I'd target the $373,000 to $396,000 range. Among the similar homes currently available in HERITAGE OAKS, this price point stands out as competitive. The smaller floor plan (949 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2001 construction puts this home 13 years older than the comp average, a factor in the pricing. With 1 similar homes currently listed in HERITAGE OAKS (a balanced market), competition is a factor to consider. Recent trends in HERITAGE OAKS show home values have fallen 5.7% since 6 months ago. The most comparable recent sale is 195 Heritage Oaks DR, Cedar Creek TX 78612, with an adjusted value of $392,694; with a smaller floor plan. The 4 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