Reviewing the most recent comparable transactions, this home's market value falls around $581,672. For a well positioned listing in DEERBROOK, I'd target the $613,000 to $616,000 range. With 4 comparable homes on the market in DEERBROOK, this price positions the property as the 2nd most expensive of 4 comparable homes on the market. At 0.43 acres, the lot is larger than the 0.24 acre comp average, which factors into pricing. The active market in DEERBROOK includes 4 comparable homes priced from $470,000 to $599,000. Recent trends in DEERBROOK show home values have fallen 0.2% since 6 months ago. The most comparable recent sale is 11004 Hillside Oak LN, Austin TX 78750, with an adjusted value of $504,638; a strong comparable. 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
