Reviewing the most recent comparable transactions, this home's market value falls around $683,197. For a well positioned listing in FALCONHEAD, I'd target the $722,000 to $809,000 range. At this price, the property would be the 2nd least expensive of 4 comparable homes on the market comparable homes currently on the market in FALCONHEAD. At 0.13 acres, the lot is smaller than the 0.17 acre comp average, which factors into pricing. There are currently 4 similar homes on the market in FALCONHEAD, ranging from $599,000 to $795,000. Recent trends in FALCONHEAD show home values have fallen 20.8% since 6 months ago. The most comparable recent sale is 4801 Pyrenees PASS, Bee Cave TX 78738, with an adjusted value of $599,521; with a smaller floor plan. 3 comparable transactions in FALCONHEAD 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