8301 Cates Creek DR, Salado TX 76571

The market data from 4 similar recent sales in 76571 points to a value of approximately $597,427. To sell within a reasonable timeframe at fair market value, the $609,000 to $611,000 range is where I'd position this. In the current 76571 market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. At 0.58 acres, the lot is larger than the 0.54 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in 76571; a buyer's market based on recent absorption. In 76571, home values have fallen approximately 8% over the past 6 months. One of the strongest data points is 6812 Lacey Oaks RD, Salado TX 76571, adjusting to $610,509; a strong comparable. The 4 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