The market data from 4 similar recent sales in WILLOW RUN points to a value of approximately $524,721. To sell within a reasonable timeframe at fair market value, the $549,000 to $581,000 range is where I'd position this. With 3 comparable homes on the market in WILLOW RUN, this price positions the property as the most affordable of 3 comparable homes on the market. This home's larger footprint (841 sqft vs the comp average) plays a role in how the market prices it. At 0.24 acres, the lot is larger than the 0.21 acre comp average, which factors into pricing. 3 similar homes are currently available in WILLOW RUN, creating a buyer's market for this price range. In WILLOW RUN, home values have risen approximately 12.4% over the past 6 months. One of the strongest data points is 3300 Kissman DR, Austin TX 78728, adjusting to $543,200; with a smaller floor plan. The 4 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