120 Teresa LN, Cedar Creek TX 78612

Reviewing the most recent comparable transactions, this home's market value falls around $354,687. For a well positioned listing in HERITAGE OAKS, I'd target the $300,000 to $310,000 range. With 6 comparable homes on the market in HERITAGE OAKS, this price positions the property as the 2nd least expensive of 6 comparable homes on the market. This home's smaller footprint (1,209 sqft vs the comp average) plays a role in how the market prices it. The 1995 construction puts this home 19 years older than the comp average, a factor in the pricing. With 6 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 $352,211; a strong comparable. 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