2607 Cypress LN, Cedar Park TX 78613

The market data from 6 similar recent sales in CEDAR PARK RANCHETTES points to a value of approximately $228,793. To sell within a reasonable timeframe at fair market value, the $291,000 to $314,000 range is where I'd position this. With 1 comparable homes on the market in CEDAR PARK RANCHETTES, this price positions the property as below the only comparable home currently on the market. The smaller floor plan (115 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1993 construction puts this home 5 years newer than the comp average, a factor in the pricing. Current inventory shows 1 comparable homes in CEDAR PARK RANCHETTES; a balanced market based on recent absorption. In 78613, home values have fallen approximately 2% over the past 6 months. One of the strongest data points is 2505 Cypress LN, Cedar Park TX 78613, adjusting to $102,690; a strong comparable. The 6 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