The market data from 7 similar recent sales in TANGLEWOOD FOREST points to a value of approximately $379,296. To sell within a reasonable timeframe at fair market value, the $409,000 to $411,000 range is where I'd position this. Against 7 similar active listings in TANGLEWOOD FOREST, this price point lands at the most affordable of 7 comparable homes on the market. This home's smaller footprint (132 sqft vs the comp average) plays a role in how the market prices it. The active market in TANGLEWOOD FOREST includes 7 comparable homes priced from $349,000 to $429,000. In TANGLEWOOD FOREST, home values have fallen approximately 16.9% over the past 6 months. One of the strongest data points is 2640 Piping Rock TRL, Austin TX 78748, adjusting to $409,117; 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