Reviewing the most recent comparable transactions, this home's market value falls around $490,965. For a well positioned listing in CARDINAL HILLS ESTATES, I'd target the $514,000 to $521,000 range. At this price, the property would be the 2nd least expensive of 5 comparable homes on the market comparable homes currently on the market in CARDINAL HILLS ESTATES. This home's smaller footprint (640 sqft vs the comp average) plays a role in how the market prices it. At 0.34 acres, the lot is smaller than the 0.53 acre comp average, which factors into pricing. Current inventory shows 5 comparable homes in CARDINAL HILLS ESTATES; a buyer's market based on recent absorption. Recent trends in CARDINAL HILLS ESTATES show home values have fallen 5.6% since 6 months ago. The most comparable recent sale is 15405 Sutton DR, Austin TX 78734, with an adjusted value of $319,044; with a smaller floor plan. 7 comparable transactions in CARDINAL HILLS ESTATES 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
