The market data from 5 similar recent sales in SENNA HILLS points to a value of approximately $1,308,178. To sell within a reasonable timeframe at fair market value, the $1,416,000 to $1,441,000 range is where I'd position this. With 4 comparable homes on the market in SENNA HILLS, this price positions the property as the 2nd least expensive of 4 comparable homes on the market. At 228 sqft larger than the typical comp, the size difference factors into the valuation. At 0.27 acres, the lot is smaller than the 0.32 acre comp average, which factors into pricing. The active market in SENNA HILLS includes 4 comparable homes priced from $1,250,000 to $1,650,000. In SENNA HILLS, home values have risen approximately 24.1% over the past 6 months. One of the strongest data points is 1709 Datura CT, Austin TX 78733, adjusting to $1,260,485; with a larger floor plan. 5 comparable transactions in SENNA 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