Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $1,388,431. I'd recommend coming to market at $1,215,000 to $1,225,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in CIMARRON HILLS, this price positions the property as the most expensive of 3 comparable homes on the market. The 0.57 acre lot (larger than the 0.54 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in CIMARRON HILLS; a buyer's market based on recent absorption. The trend in CIMARRON HILLS shows prices have risen 8.8% in the past 6 months. 205 Green Leaf LN, Georgetown TX 78628 nearby adjusts to $1,876,109; with a pool. Based on 4 relevant data points in CIMARRON HILLS, 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
