Reviewing the most recent comparable transactions, this home's market value falls around $507,821. For a well positioned listing in CARDINAL HILLS ESTATES, I'd target the $439,000 to $449,000 range. In the current CARDINAL HILLS ESTATES market with 5 similar homes available, this price represents the most expensive of 5 comparable homes on the market. At 0.23 acres, the lot is larger than the 0.20 acre comp average, which factors into pricing. The active market in CARDINAL HILLS ESTATES includes 5 comparable homes priced from $452,900 to $700,000. Recent trends in CARDINAL HILLS ESTATES show home values have fallen 5.6% since 6 months ago. The most comparable recent sale is 15203 Lariat TRL, Austin TX 78734, with an adjusted value of $539,303; with a larger floor plan. The 5 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
