2401 Monte Carlo DR, Cedar Park TX 78613

Reviewing the most recent comparable transactions, this home's market value falls around $494,998. For a well positioned listing in RIVIERA SPGS NORTH PT, I'd target the $363,000 to $373,000 range. Against 7 similar active listings in RIVIERA SPGS NORTH PT, this price point lands at the 3rd most expensive of 7 comparable homes on the market. This home's larger footprint (257 sqft vs the comp average) plays a role in how the market prices it. The 1976 construction puts this home 5 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in RIVIERA SPGS NORTH PT; a balanced market based on recent absorption. Recent trends in 78613 show home values have fallen 2.5% since 6 months ago. The most comparable recent sale is 11808 Buggy Whip TRL, Austin TX 78750, with an adjusted value of $523,329; with a smaller floor plan. The 7 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