380 High View Ranch DR, Cedar Creek TX 78612

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $313,339. I'd recommend coming to market at $242,000 to $252,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in 78612, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. The larger floor plan (161 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2.65 acre lot (larger than the 2.13 acre average) is reflected in the estimate. There are currently 3 similar homes on the market in 78612, ranging from $240,000 to $859,500. The trend in 78612 shows prices have fallen 4% in the past 6 months. 112 Spring Creek CV, Cedar Creek TX 78612 nearby adjusts to $355,556; a strong comparable. With 4 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