235 Murchison DR, Cedar Creek TX 78612

The market data from 3 similar recent sales in HOMESTEAD points to a value of approximately $358,009. To sell within a reasonable timeframe at fair market value, the $278,000 to $288,000 range is where I'd position this. In the current HOMESTEAD market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. At 364 sqft smaller than the typical comp, the size difference factors into the valuation. At 1.08 acres, the lot is larger than the 1.01 acre comp average, which factors into pricing. The active market in HOMESTEAD includes 7 comparable homes priced from $299,900 to $599,000. In HOMESTEAD, home values have risen approximately 6.8% over the past 6 months. One of the strongest data points is 112 Speegle CT, Cedar Creek TX 78612, adjusting to $364,132; with a larger floor plan. 3 comparable transactions in HOMESTEAD 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