Reviewing the most recent comparable transactions, this home's market value falls around $631,256. For a well positioned listing in FALCONHEAD, I'd target the $612,000 to $650,000 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 FALCONHEAD. The 2013 construction puts this home 5 years newer than the comp average, a factor in the pricing. At 0.13 acres, the lot is smaller than the 0.16 acre comp average, which factors into pricing. There are currently 5 similar homes on the market in FALCONHEAD, ranging from $575,000 to $875,000. Recent trends in FALCONHEAD show home values have fallen 2.1% since 6 months ago. The most comparable recent sale is 4512 Pyrenees PASS, Bee Cave TX 78738, with an adjusted value of $581,311; a strong comparable. 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