The market data from 3 similar recent sales in WESTFIELD points to a value of approximately $3,744,096. To sell within a reasonable timeframe at fair market value, the $4,182,000 to $6,188,000 range is where I'd position this. Against 4 similar active listings in WESTFIELD, this price point lands at the most affordable of 4 comparable homes on the market. Being 404 sqft larger than the average comparable sale in this area impacts the per square foot value. The 2018 construction puts this home 6 years older than the comp average, a factor in the pricing. With 4 similar homes currently listed in WESTFIELD (a buyer's market), competition is a factor to consider. In WESTFIELD, home values have fallen approximately 33.6% over the past 6 months. One of the strongest data points is 2102 Bowman Ave, Austin TX 78703, adjusting to $3,821,735; with a smaller floor plan and a pool. 3 comparable transactions in WESTFIELD 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