The market data from 3 similar recent sales in ROCKY CREEK RANCH points to a value of approximately $932,277. To sell within a reasonable timeframe at fair market value, the $1,082,000 to $1,189,000 range is where I'd position this. With 3 comparable homes on the market in ROCKY CREEK RANCH, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. The smaller floor plan (254 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2010 construction puts this home 7 years older than the comp average, a factor in the pricing. Right now, 3 similar properties are competing for buyers in ROCKY CREEK RANCH, listed between $824,700 and $1,385,000. In 78738, home values have fallen approximately 1.5% over the past 6 months. One of the strongest data points is 17012 Rush Pea CIR, Austin TX 78738, adjusting to $828,785; a strong comparable. 3 comparable transactions in ROCKY CREEK RANCH 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
