The market data from 4 similar recent sales in CIMARRON HILLS points to a value of approximately $1,284,019. To sell within a reasonable timeframe at fair market value, the $984,000 to $994,000 range is where I'd position this. With 5 comparable homes on the market in CIMARRON HILLS, this price positions the property as the most expensive of 5 comparable homes on the market. At 342 sqft larger than the typical comp, the size difference factors into the valuation. With 5 similar homes currently listed in CIMARRON HILLS (a buyer's market), competition is a factor to consider. In CIMARRON HILLS, home values have risen approximately 15.6% over the past 6 months. One of the strongest data points is 112 Dovetail LN, Georgetown TX 78628, adjusting to $1,350,380; a strong comparable. The 4 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
