Reviewing the most recent comparable transactions, this home's market value falls around $906,974. For a well positioned listing in CARDINAL HILLS, I'd target the $1,176,000 to $1,239,000 range. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in CARDINAL HILLS. This home's larger footprint (146 sqft vs the comp average) plays a role in how the market prices it. At 0.28 acres, the lot is smaller than the 0.32 acre comp average, which factors into pricing. The active market in CARDINAL HILLS includes 7 comparable homes priced from $899,900 to $1,599,000. Recent trends in CARDINAL HILLS show home values have risen 1.3% since 6 months ago. The most comparable recent sale is 15408 JOSEPH DR, Austin TX 78734, with an adjusted value of $879,672; with a smaller floor plan. The 3 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
