Reviewing the most recent comparable transactions, this home's market value falls around $288,248. For a well positioned listing in FOREST BLUFF, I'd target the $224,000 to $234,000 range. Against 4 similar active listings in FOREST BLUFF, this price point lands at the 2nd most expensive of 4 comparable homes on the market. The 2004 construction puts this home 12 years older than the comp average, a factor in the pricing. With 4 similar homes currently listed in FOREST BLUFF (a buyer's market), competition is a factor to consider. Recent trends in FOREST BLUFF show home values have risen 3.2% since 6 months ago. The most comparable recent sale is 6012 Diamondleaf BND, Austin TX 78724, with an adjusted value of $277,131; 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