108 Palo Duro DR, Cedar Creek TX 78612

The estimated value of this property is $530,149, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $615,000 and $730,000. With 2 comparable homes on the market in 78612, this price positions the property as the most affordable of 2 comparable homes on the market. At 1,222 sqft larger than the typical comp, the size difference factors into the valuation. The 6.24 acre lot (larger than the 1.30 acre average) is reflected in the estimate. With 2 similar homes currently listed in 78612 (a buyer's market), competition is a factor to consider. Recent trends in 78612 show home values have fallen 4% since 6 months ago. The most comparable recent sale is 179 Palo Duro DR, Cedar Creek TX 78612, with an adjusted value of $729,560; with a larger floor plan. Based on 7 relevant data points in 78612, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX