The market data from 7 similar recent sales in OAK CREEK points to a value of approximately $310,822. To sell within a reasonable timeframe at fair market value, the $259,000 to $269,000 range is where I'd position this. In the current OAK CREEK market with 4 similar homes available, this price represents the most expensive of 4 comparable homes on the market. The 302 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.10 acres, the lot is smaller than the 0.15 acre comp average, which factors into pricing. The active market in OAK CREEK includes 4 comparable homes priced from $256,725 to $300,000. In OAK CREEK, home values have fallen approximately 4.7% over the past 6 months. One of the strongest data points is 425 Canadian Springs DR, Leander TX 78641, adjusting to $308,767; a strong comparable. 7 comparable transactions in OAK CREEK support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
