Reviewing the most recent comparable transactions, this home's market value falls around $407,180. For a well positioned listing in ARTESIAN OAKS, I'd target the $399,000 to $415,000 range. In the current ARTESIAN OAKS market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. The 1986 construction puts this home 19 years older than the comp average, a factor in the pricing. At 3.00 acres, the lot is smaller than the 4.86 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in ARTESIAN OAKS; a buyer's market based on recent absorption. The most comparable recent sale is 125 Turkey RUN, Cedar Creek TX 78612, with an adjusted value of $344,131; with a smaller floor plan. 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