The market data from 5 similar recent sales in RANCH CYPRESS CREEK points to a value of approximately $403,676. To sell within a reasonable timeframe at fair market value, the $464,000 to $467,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 6 comparable homes on the market comparable homes currently on the market in RANCH CYPRESS CREEK. At 0.15 acres, the lot is smaller than the 0.18 acre comp average, which factors into pricing. There are currently 6 similar homes on the market in RANCH CYPRESS CREEK, ranging from $388,000 to $499,900. In RANCH CYPRESS CREEK, home values have fallen approximately 14% over the past 6 months. One of the strongest data points is 2220 Kerr TRL, Cedar Park TX 78613, adjusting to $426,087; with a smaller floor plan. 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