125 Parkland DR, Cedar Creek TX 78612

The market data from 7 similar recent sales in MEADOWS OF HOBBS CREEK points to a value of approximately $503,314. To sell within a reasonable timeframe at fair market value, the $392,000 to $402,000 range is where I'd position this. In the current MEADOWS OF HOBBS CREEK market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. At 586 sqft larger than the typical comp, the size difference factors into the valuation. At 1.02 acres, the lot is smaller than the 1.44 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in MEADOWS OF HOBBS CREEK; a buyer's market based on recent absorption. In 78612, home values have fallen approximately 5.6% over the past 6 months. One of the strongest data points is 135 Parkland DR, Cedar Creek TX 78612, adjusting to $514,459; with a smaller floor plan. 7 comparable transactions in MEADOWS OF HOBBS 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