17 WAMEL WAY, Cedar Creek TX 78612

After reviewing 4 recent transactions in HOMESTEAD, I estimate this property's value at $435,251. A competitive list price for this home right now would fall in the $338,000 to $348,000 range. Buyers shopping in HOMESTEAD right now would see this as a well positioned option among 7 comparable homes. The larger floor plan (463 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (1.00 acres versus the area average of 1.05) contributes to the valuation. With 7 similar homes currently listed in HOMESTEAD (a seller's market), competition is a factor to consider. Prices in HOMESTEAD have risen 6.8% over the last 6 months. A similar home at 177 BILLINGSLEY HTS, Cedar Creek TX 78612 carries an adjusted comparable value of $442,554, providing a strong data point. With 4 comparable sales in HOMESTEAD, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group