The market data from 4 similar recent sales in RIVER CROSSING points to a value of approximately $658,545. To sell within a reasonable timeframe at fair market value, the $639,000 to $678,000 range is where I'd position this. At this price, the property would be no active comparable homes on the market comparable homes currently on the market in RIVER CROSSING. The 2006 construction puts this home 6 years newer than the comp average, a factor in the pricing. At 2.37 acres, the lot is larger than the 2.03 acre comp average, which factors into pricing. In RIVER CROSSING, home values have fallen approximately 1.3% over the past 6 months. One of the strongest data points is 307 Colorado DR, Cedar Creek TX 78612, adjusting to $622,813; 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