Taking into account 7 nearby comparable sales, this property's estimated value comes to $263,163. If we were to list this property today, I'd recommend a list price in the $307,000 to $310,000 range. This pricing would rank the home as the most affordable of 7 comparable homes on the market in CEDAR PARK RANCHETTES's current inventory. Being built in 1972 (14 years older than comps) is factored into the value estimate. Lot size matters here: 0.55 acres versus 0.27 for the typical comp. Current inventory shows 7 comparable homes in CEDAR PARK RANCHETTES; a balanced market based on recent absorption. The 6 month price trend in 78613: fallen 3.4%. The best comp here is 1102 Red Bud DR, Cedar Park TX 78613 at an adjusted value of $190,768, 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