The market data from 7 similar recent sales in DELWOOD EAST points to a value of approximately $647,692. To sell within a reasonable timeframe at fair market value, the $635,000 to $661,000 range is where I'd position this. In the current DELWOOD EAST market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. Being 161 sqft larger than the average comparable sale in this area impacts the per square foot value. The pool is a differentiator here, since 7 of 7 comparable sales didn't include one. The active market in DELWOOD EAST includes 3 comparable homes priced from $579,990 to $1,050,000. In DELWOOD EAST, home values have fallen approximately 11.5% over the past 6 months. One of the strongest data points is 5611 Mapleleaf DR, Austin TX 78723, adjusting to $586,885; with no pool. 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