427 Mcdonald LN W, Cedar Creek TX 78612

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $366,550. To generate strong buyer interest while maximizing value, I'd price this between $309,000 and $319,000. Against 4 similar active listings in 78612, this price point lands at the 2nd most expensive of 4 comparable homes on the market. The 366 sqft size difference versus comparable sales is reflected in the adjusted values. At 1.01 acres, the lot is smaller than the 1.99 acre comp average, which factors into pricing. With 4 similar homes currently listed in 78612 (a buyer's market), competition is a factor to consider. The trend in 78612 shows prices have fallen 4% in the past 6 months. 255 W Oak LOOP, Cedar Creek TX 78612 nearby adjusts to $329,957; a strong comparable. 7 comparable transactions in 78612 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