My analysis of 4 comparable properties puts this home's estimated value at $1,408,462. Based on how the local market is moving, a list price between $1,113,000 and $1,123,000 would position this home well. Relative to what's currently available in CIMARRON HILLS, this home would be the most expensive of 5 comparable homes on the market. The smaller lot (0.52 acres versus the area average of 0.57) contributes to the valuation. The active market in CIMARRON HILLS includes 5 comparable homes priced from $1,200,000 to $1,600,000. The 6 month price trend in CIMARRON HILLS: risen 13.7%. The best comp here is 112 Dovetail LN, Georgetown TX 78628 at an adjusted value of $1,439,040, with a smaller floor plan. With 4 comparable sales in CIMARRON HILLS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
