This recent sale on Lilac Drive is the most important one for us to look at because it is also a very modern, high-quality home built just two years ago. Even though the finishes and style are very similar to what you’ll find at 10 Hermitage Lane, this home sold for over $120,000 less. While the home for sale is slightly larger, the massive jump in price per square foot for nearly identical quality suggests it might be priced a bit high for the current market.

This home on Cole Creek Way gives us a great benchmark for the area’s established market. While 10 Hermitage Lane offers the excitement of being the very first owner with 2025 finishes, this property provided a full acre of land and a comfortable layout for a much lower price point. You are essentially choosing between the modern, maintenance-free life of a new build and the value and extra space of a well-kept 2007 home.

It is helpful to compare 10 Hermitage Lane to this home because they are almost identical in size. The price difference you see here really highlights the ‘new construction’ premium; this sold listing featured 2008 finishes like honey-toned cabinetry and older carpeting. When you consider the cost of fully renovating a home of this size to match the modern look of the home for sale, the higher price tag on 10 Hermitage Lane starts to make more sense.