LOT 11 COLORADO BLF, Cedar Creek TX 78612

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $846,421. I'd recommend coming to market at $873,000 to $942,000 to strike the right balance between value and market velocity. With 2 comparable homes on the market in RIVER CROSSING, this price positions the property as the most expensive of 2 comparable homes on the market. The larger floor plan (974 sqft compared to the average comp) is a meaningful differentiator in this price range. The 4.50 acre lot (larger than the 3.55 acre average) is reflected in the estimate. 2 similar homes are currently available in RIVER CROSSING, creating a seller's market for this price range. The trend in RIVER CROSSING shows prices have fallen 1.3% in the past 6 months. 375 Colorado DR, Cedar Creek TX 78612 nearby adjusts to $963,862; with a smaller floor plan and a pool. Based on 7 relevant data points in RIVER CROSSING, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX