141 Lonesome Dove DR, Cedar Creek TX 78612

Reviewing the most recent comparable transactions, this home's market value falls around $260,143. For a well positioned listing in 78612, I'd target the $252,000 to $268,000 range. In the current 78612 market with 1 similar homes available, this price represents below the only comparable home currently on the market. Being 290 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 2.45 acres, the lot is larger than the 1.52 acre comp average, which factors into pricing. Current inventory shows 1 comparable homes in 78612; a buyer's market based on recent absorption. Recent trends in 78612 show home values have fallen 4% since 6 months ago. The most comparable recent sale is 123 Scarlet Oaks DR, Dale TX 78616, with an adjusted value of $111,216; a strong comparable. 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