The market data from 6 similar recent sales in LAMPLIGHT points to a value of approximately $408,131. To sell within a reasonable timeframe at fair market value, the $349,000 to $359,000 range is where I'd position this. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in LAMPLIGHT. At 502 sqft larger than the typical comp, the size difference factors into the valuation. There are currently 7 similar homes on the market in LAMPLIGHT, ranging from $315,000 to $534,900. In LAMPLIGHT, home values have risen approximately 6.9% over the past 6 months. One of the strongest data points is 13004 Turkey RUN, Austin TX 78727, adjusting to $352,640; with a smaller floor plan. 6 comparable transactions in LAMPLIGHT 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