Market Research Report: 1405 Red Bluff Road, Pipe Creek, TX 78063

Property Overview

Address: 1405 Red Bluff Road, Pipe Creek, TX 78063

Property Type: Single-family residence

Year Built: 2012

Lot Size: 1.9 acres

Living Area: 2,305 square feet

Bedrooms: 3

Bathrooms: 2 full, 1 half

Key Features:

• High ceilings

• Eat-in kitchen with granite countertops and custom cabinetry

• Spacious laundry room with sink

• Large deck with hot tub and pergola

• Mature trees and flat yard

• Detached shed

• Two-car garage

• Covered RV parking

• Private water well

• Fully fenced property with automatic front gate

Zestimate®: $597,200

Estimated Rent: $2,325 per month

Property Tax Assessment (2024): $563,140

Recent Sales History:

• December 30, 2021: Sold

• December 15, 2021: Pending sale at $539,900

• December 7, 2021: Listed for sale at $539,900

Local Real Estate Market Overview

Median Home Price in Pipe Creek, TX:

• Zillow Zestimate®: $597,200

• Estimated Rent: $2,325 per month

Property Tax Assessment (2024): $563,140

Recent Sales History:

• December 30, 2021: Sold

• December 15, 2021: Pending sale at $539,900

• December 7, 2021: Listed for sale at $539,900

Comparable Properties

1. 1405 Donita Drive, Red Bluff, CA 96080

• Price: $400,000

• Bedrooms: 3

• Bathrooms: 2

• Living Area: 1,831 square feet

• Lot Size: 6,969 square feet

• Year Built: 2005

• Key Features: Remodeled with granite slab island, custom cabinets, stainless steel appliances, new paint, and flooring. Easy-to-maintain backyard with concrete patio.

2. 1405 Bluegrass Road, Red Oak, IA 51566

• Price: $760,000

• Bedrooms: 5

• Bathrooms: 4

• Living Area: 2,286 square feet on main level, 1,600 square feet in lower level

• Lot Size: 10.43 acres

• Year Built: 2016

• Key Features: Rustic Knotty Alder woodworking, formal dining room, open kitchen, family room with fireplace, laundry room with drop zone area, three bedrooms including master with ensuite bath and large walk-in shower. Attached 709 square foot garage with electric car hook-up.

3. 1405 Red Bluffs Way, Fernley, NV 89408

• Price: $241,100

• Bedrooms: 3

• Bathrooms: 2

• Living Area: 1,766 square feet

• Lot Size: 12,197 square feet

• Year Built: 2005

• Key Features: Single-story residence with three bedrooms and two bathrooms.

Market Insights

The property at 1405 Red Bluff Road, Pipe Creek, TX, is situated in a competitive real estate market characterized by properties with diverse features and varying price points. The median home price in the area is approximately $597,200, with an estimated rent of $2,325 per month. The property tax assessment for 2024 is $563,140.

Comparable properties in different regions, such as 1405 Donita Drive in Red Bluff, CA, and 1405 Bluegrass Road in Red Oak, IA, offer insights into market trends and property valuations. These properties vary in size, features, and price, reflecting the diverse nature of the real estate market.

The property at 1405 Red Bluff Road offers a unique combination of features, including high ceilings, a spacious kitchen with granite countertops, and a large deck with a hot tub and pergola. Its location on 1.9 acres with mature trees and a private water well adds to its appeal. The fully fenced property with an automatic front gate provides added security and privacy.