The market data from 7 similar recent sales in PEARSON PLACE points to a value of approximately $690,815. To sell within a reasonable timeframe at fair market value, the $581,000 to $591,000 range is where I'd position this. Against 4 similar active listings in PEARSON PLACE, this price point lands at the most expensive of 4 comparable homes on the market. At 0.25 acres, the lot is larger than the 0.18 acre comp average, which factors into pricing. There are currently 4 similar homes on the market in PEARSON PLACE, ranging from $550,000 to $735,000. In PEARSON PLACE, home values have risen approximately 27.7% over the past 6 months. One of the strongest data points is 15708 Jeffs LN, Austin TX 78717, adjusting to $691,047; a strong comparable. The 7 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