686 Cedar Hills DR, Fredericksburg TX 78624

The market data from 7 similar recent sales in CEDAR HILLS points to a value of approximately $494,324. To sell within a reasonable timeframe at fair market value, the $507,000 to $522,000 range is where I'd position this. With 0 comparable homes on the market in CEDAR HILLS, this price positions the property as no active comparable homes on the market. The 1983 construction puts this home 17 years older than the comp average, a factor in the pricing. At 6.32 acres, the lot is larger than the 0.14 acre comp average, which factors into pricing. In 78624, home values have fallen approximately 9.8% over the past 6 months. One of the strongest data points is 711 Chinkapin DR, Fredericksburg TX 78624, adjusting to $506,844; with a larger 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