After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $414,108. Pricing this home between $457,000 and $465,000 would put it in the competitive sweet spot for HARRIS RIDGE. This pricing would rank the home as the 2nd least expensive of 4 comparable homes on the market in HARRIS RIDGE's current inventory. At 5 years older than typical comps, the 1999 build date influences the valuation. With 4 similar homes currently listed in HARRIS RIDGE (a balanced market), competition is a factor to consider. Market data shows HARRIS RIDGE prices fallen 11% over the last half year. The closest comparable sale, 1501 Weatherford DR, Austin TX 78753 at an adjusted $383,710, is a strong comparable. With 3 comparable sales in HARRIS RIDGE, 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