1620 Shenandoah DR, Cedar Park TX 78613

The market data from 7 similar recent sales in SHENANDOAH points to a value of approximately $511,051. To sell within a reasonable timeframe at fair market value, the $407,000 to $417,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in SHENANDOAH. The 341 sqft size difference versus comparable sales is reflected in the adjusted values. At 1.17 acres, the lot is larger than the 0.53 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in SHENANDOAH; a buyer's market based on recent absorption. In SHENANDOAH, home values have fallen approximately 8.9% over the past 6 months. One of the strongest data points is 1521 Sheridan TRL, Cedar Park TX 78613, adjusting to $577,909; with a smaller floor plan. 7 comparable transactions in SHENANDOAH support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group