The market data from 5 similar recent sales in HERITAGE PARK points to a value of approximately $283,873. To sell within a reasonable timeframe at fair market value, the $311,000 to $316,000 range is where I'd position this. Against 7 similar active listings in HERITAGE PARK, this price point lands at the most affordable of 7 comparable homes on the market. The 262 sqft size difference versus comparable sales is reflected in the adjusted values. Current inventory shows 7 comparable homes in HERITAGE PARK; based on recent absorption. In HERITAGE PARK, home values have fallen approximately 6.6% over the past 6 months. One of the strongest data points is 2307 Bakers WAY, Cedar Park TX 78613, adjusting to $343,827; a strong comparable. The 5 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