196 Sendero CV, Cedar Creek TX 78612

Reviewing the most recent comparable transactions, this home's market value falls around $298,747. For a well positioned listing in 78612, I'd target the $369,000 to $423,000 range. In the current 78612 market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. This home's smaller footprint (116 sqft vs the comp average) plays a role in how the market prices it. At 6.00 acres, the lot is larger than the 1.40 acre comp average, which factors into pricing. Right now, 3 similar properties are competing for buyers in 78612, listed between $280,000 and $1,100,000. Recent trends in 78612 show home values have fallen 4.6% since 6 months ago. The most comparable recent sale is 123 Scarlet Oaks DR, Dale TX 78616, with an adjusted value of $119,380; 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