My analysis of 7 comparable properties puts this home's estimated value at $931,427. Based on how the local market is moving, a list price between $565,000 and $575,000 would position this home well. Relative to what's currently available in LAKELAND HILLS, this home would be the 3rd most expensive of 7 comparable homes on the market. The larger floor plan (187 sqft compared to the average comp) is a meaningful differentiator in this price range. Having a pool is a plus; 4 of the 7 comps lacked one. Right now, 7 similar properties are competing for buyers in LAKELAND HILLS, listed between $495,000 and $1,395,000. The 6 month price trend in 78734: fallen 1.5%. The best comp here is 4500 Poteau CIR, Austin TX 78734 at an adjusted value of $847,163, a strong comparable. The comp data here (7 sales in LAKELAND HILLS) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus