The market data from 6 similar recent sales in CEDAR PARK TOWNCENTER points to a value of approximately $381,731. To sell within a reasonable timeframe at fair market value, the $378,000 to $391,000 range is where I'd position this. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in CEDAR PARK TOWNCENTER. At 0.19 acres, the lot is larger than the 0.12 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in CEDAR PARK TOWNCENTER; a buyer's market based on recent absorption. In CEDAR PARK TOWNCENTER, home values have fallen approximately 7.1% over the past 6 months. One of the strongest data points is 1829 LOST MAPLES LOOP, Cedar Park TX 78613, adjusting to $374,788; a strong comparable. The 6 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