123 Wamel WAY, Cedar Creek TX 78612

The market data from 4 similar recent sales in HOMESTEAD points to a value of approximately $444,632. To sell within a reasonable timeframe at fair market value, the $494,000 to $499,000 range is where I'd position this. With 7 comparable homes on the market in HOMESTEAD, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. The larger floor plan (238 sqft compared to the average comp) is a meaningful differentiator in this price range. At 1.01 acres, the lot is smaller than the 1.05 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in HOMESTEAD; a seller's market based on recent absorption. In HOMESTEAD, home values have risen approximately 6.8% over the past 6 months. One of the strongest data points is 177 BILLINGSLEY HTS, Cedar Creek TX 78612, adjusting to $448,955; with a larger floor plan. 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