After reviewing 7 recent transactions in FRIENDSHIP RANCH, I estimate this property's value at $1,012,377. A competitive list price for this home right now would fall in the $717,000 to $727,000 range. This home's position in the current FRIENDSHIP RANCH market: the most expensive of 2 comparable homes on the market among comparable properties. The larger lot (3.00 acres versus the area average of 2.06) contributes to the valuation. With 2 similar homes currently listed in FRIENDSHIP RANCH (a balanced market), competition is a factor to consider. Prices in 78737 have risen 1.3% over the last 6 months. A similar home at 14400 Echo Bluff DR, Austin TX 78737 carries an adjusted comparable value of $1,651,137, providing a strong data point. The comp data here (7 sales in FRIENDSHIP RANCH) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus
