TBD Lake View DR, Cedar Creek TX 78612

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $420,964. I'd recommend coming to market at $408,000 to $434,000 to strike the right balance between value and market velocity. In the current BLUEBONNET ACRES market with 1 similar homes available, this price represents below the only comparable home currently on the market. The larger floor plan (2,056 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1984, this home is 10 years older than the average comp, which is reflected in the adjustments. Current inventory shows 1 comparable homes in BLUEBONNET ACRES; a buyer's market based on recent absorption. The trend in 78612 shows prices have fallen 4% in the past 6 months. 356 Cedar LN, Cedar Creek TX 78612 nearby adjusts to $546,488; with a smaller floor plan. With 7 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