Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,564,681. To generate strong buyer interest while maximizing value, I'd price this between $975,000 and $985,000. Among the similar homes currently available in CIMARRON HILLS, this price point stands out as competitive. At 262 sqft larger than the typical comp, the size difference factors into the valuation. At 0.71 acres, the lot is larger than the 0.55 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in CIMARRON HILLS; a buyer's market based on recent absorption. The trend in CIMARRON HILLS shows prices have fallen 5.7% in the past 6 months. 112 Dovetail LN, Georgetown TX 78628 nearby adjusts to $1,491,720; a strong comparable. 3 comparable transactions in CIMARRON HILLS 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
