156 Sendero BLVD, Cedar Creek TX 78612

The market data from 3 similar recent sales in ORI III points to a value of approximately $358,168. To sell within a reasonable timeframe at fair market value, the $234,000 to $244,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 4 comparable homes on the market comparable homes currently on the market in ORI III. At 3.79 acres, the lot is larger than the 2.31 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in ORI III; a buyer's market based on recent absorption. In 78612, home values have fallen approximately 4% over the past 6 months. One of the strongest data points is 166 Lantana LN, Cedar Creek TX 78612, adjusting to $407,940; with a smaller floor plan. The 3 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