After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,327,559. Pricing this home between $1,288,000 and $1,367,000 would put it in the competitive sweet spot for HOMESTEAD. This pricing would rank the home as below the only comparable home currently on the market in HOMESTEAD's current inventory. This home's larger footprint (1,212 sqft vs the comp average) plays a role in how the market prices it. The larger lot (5.04 acres versus the area average of 1.54) contributes to the valuation. With 7 comparable sales in HOMESTEAD, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group