226 S Cedar Creek DR, Cedar Creek TX 78612

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $402,297. To generate strong buyer interest while maximizing value, I'd price this between $205,000 and $215,000. Against 4 similar active listings in ADDISON LITTON, this price point lands at the 2nd most expensive of 4 comparable homes on the market. The 1980 construction puts this home 15 years older than the comp average, a factor in the pricing. At 16.00 acres, the lot is smaller than the 18.51 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in ADDISON LITTON; a buyer's market based on recent absorption. The trend in 78612 shows prices have fallen 1.3% in the past 6 months. 479 Mesquite DR, Cedar Creek TX 78612 nearby adjusts to $619,449; 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