124 Teresa LN, Cedar Creek TX 78612

The market data from 4 similar recent sales in HERITAGE OAKS points to a value of approximately $336,779. To sell within a reasonable timeframe at fair market value, the $284,000 to $294,000 range is where I'd position this. Among the similar homes currently available in HERITAGE OAKS, this price point stands out as competitive. At 1,674 sqft smaller than the typical comp, the size difference factors into the valuation. The 1998 construction puts this home 16 years older than the comp average, a factor in the pricing. Current inventory shows 2 comparable homes in HERITAGE OAKS; a balanced market based on recent absorption. In HERITAGE OAKS, home values have fallen approximately 5.7% over the past 6 months. One of the strongest data points is 195 Heritage Oaks DR, Cedar Creek TX 78612, adjusting to $303,739; with a larger 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