The market data from 7 similar recent sales in CIRCLE C RANCH points to a value of approximately $907,461. To sell within a reasonable timeframe at fair market value, the $785,000 to $795,000 range is where I'd position this. With 7 comparable homes on the market in CIRCLE C RANCH, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. At 0.28 acres, the lot is larger than the 0.24 acre comp average, which factors into pricing. Buyers in CIRCLE C RANCH have 7 comparable options right now, with asking prices between $679,000 and $1,200,000. In CIRCLE C RANCH, home values have risen approximately 2.5% over the past 6 months. One of the strongest data points is 5900 Savin Hill CT, Austin TX 78739, adjusting to $886,905; with a smaller floor plan. The 7 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