134 Teresa LN, Cedar Creek TX 78612

The estimated value of this property is $352,341, based on 4 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $288,000 and $298,000. In the current HERITAGE OAKS market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. At 1,329 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1995, this home is 19 years older than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in HERITAGE OAKS; a balanced market based on recent absorption. 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 $341,927; with a larger floor plan. Based on 4 relevant data points in HERITAGE OAKS, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX