164 Wright DR, Cedar Creek TX 78612

Based on 4 closed sales in HERITAGE OAKS, the data points to a value around $339,739 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $283,000 to $293,000. Relative to what's currently available in HERITAGE OAKS, this home would be the 3rd least expensive of 6 comparable homes on the market. The 1,381 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 1994 (20 years older than comps) is factored into the value estimate. Current inventory shows 6 comparable homes in HERITAGE OAKS; a balanced market based on recent absorption. Market data shows HERITAGE OAKS prices fallen 5.7% over the last half year. The closest comparable sale, 195 Heritage Oaks DR, Cedar Creek TX 78612 at an adjusted $327,127, is with a larger floor plan. The strength of this estimate comes from 4 directly comparable sales in HERITAGE OAKS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group