The market data from 6 similar recent sales in RANCH CYPRESS CREEK points to a value of approximately $364,692. To sell within a reasonable timeframe at fair market value, the $406,000 to $433,000 range is where I'd position this. In the current RANCH CYPRESS CREEK market with 4 similar homes available, this price represents the most affordable of 4 comparable homes on the market. At 226 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.23 acres, the lot is larger than the 0.18 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in RANCH CYPRESS CREEK; a seller's market based on recent absorption. In RANCH CYPRESS CREEK, home values have fallen approximately 13.8% over the past 6 months. One of the strongest data points is 2220 Kerr TRL, Cedar Park TX 78613, adjusting to $405,654; a strong comparable. 6 comparable transactions in RANCH CYPRESS CREEK 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
