After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $400,115. Pricing this home between $388,000 and $412,000 would put it in the competitive sweet spot for TEXAS OAKS. This would position the home competitively among 5 active listings in TEXAS OAKS. Being 104 sqft larger than the average comparable sale in this area impacts the per square foot value. With 5 similar homes currently listed in TEXAS OAKS (a balanced market), competition is a factor to consider. Market data shows TEXAS OAKS prices risen 8.8% over the last half year. The closest comparable sale, 10900 Watchful Fox DR, Austin TX 78748 at an adjusted $392,374, is a strong comparable. With 3 comparable sales in TEXAS OAKS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group