The market data from 5 similar recent sales in CARDINAL HILLS ESTATES points to a value of approximately $705,340. To sell within a reasonable timeframe at fair market value, the $691,000 to $859,000 range is where I'd position this. Against 4 similar active listings in CARDINAL HILLS ESTATES, this price point lands at the 2nd most expensive of 4 comparable homes on the market. This home's larger footprint (195 sqft vs the comp average) plays a role in how the market prices it. The active market in CARDINAL HILLS ESTATES includes 4 comparable homes priced from $560,000 to $965,000. In CARDINAL HILLS ESTATES, home values have fallen approximately 5.6% over the past 6 months. One of the strongest data points is 15203 Lariat TRL, Austin TX 78734, adjusting to $690,998; with a smaller floor plan. The 5 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