Taking into account 7 nearby comparable sales, this property's estimated value comes to $303,931. If we were to list this property today, I'd recommend a list price in the $305,000 to $335,000 range. This pricing would rank the home as the 4th most expensive of 7 comparable homes on the market in CEDAR PARK RANCHETTES's current inventory. Being built in 1972 (8 years older than comps) is factored into the value estimate. Lot size matters here: 0.55 acres versus 0.33 for the typical comp. Current inventory shows 7 comparable homes in CEDAR PARK RANCHETTES; a buyer's market based on recent absorption. The 6 month price trend in CEDAR PARK RANCHETTES: fallen 44.3%. The best comp here is 1103 Bluebonnet DR, Cedar Park TX 78613 at an adjusted value of $478,763, a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus