2205 MAYFIELD WAY, Cedar Park TX 78613

The market data from 4 similar recent sales in GANN RANCH points to a value of approximately $449,516. To sell within a reasonable timeframe at fair market value, the $282,000 to $292,000 range is where I'd position this. With 7 comparable homes on the market in GANN RANCH, this price positions the property as the 0th most expensive of 7 comparable homes on the market. The smaller floor plan (145 sqft compared to the average comp) is a meaningful differentiator in this price range. Current inventory shows 7 comparable homes in GANN RANCH; a balanced market based on recent absorption. In GANN RANCH, home values have fallen approximately 18% over the past 6 months. One of the strongest data points is 2518 Nightshade DR, Cedar Park TX 78613, adjusting to $485,559; with a smaller floor plan. 4 comparable transactions in GANN RANCH 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