223 Murchison DR, Cedar Creek TX 78612

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $537,673. I'd recommend coming to market at $522,000 to $554,000 to strike the right balance between value and market velocity. With 0 comparable homes on the market in HOMESTEAD, this price positions the property as no active comparable homes on the market. The larger floor plan (1,467 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1.10 acre lot (smaller than the 1.94 acre average) is reflected in the estimate. The trend in HOMESTEAD shows prices have risen 6.8% in the past 6 months. 185 Billingsley HTS, Cedar Creek TX 78612 nearby adjusts to $628,131; a strong comparable. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group