Reviewing the most recent comparable transactions, this home's market value falls around $670,665. For a well positioned listing in FALCONHEAD, I'd target the $438,000 to $448,000 range. At this price, the property would be the 3rd least expensive of 6 comparable homes on the market comparable homes currently on the market in FALCONHEAD. The larger floor plan (128 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.13 acres, the lot is smaller than the 0.17 acre comp average, which factors into pricing. There are currently 6 similar homes on the market in FALCONHEAD, ranging from $373,000 to $795,000. Recent trends in FALCONHEAD show home values have fallen 10.6% since 6 months ago. The most comparable recent sale is 4801 Pyrenees PASS, Bee Cave TX 78738, with an adjusted value of $599,357; with a smaller floor plan. 4 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