After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $416,668. Pricing this home between $344,000 and $354,000 would put it in the competitive sweet spot for WATERFALL. Buyers shopping in WATERFALL right now would see this as a well positioned option among 7 comparable homes. At 23 years newer than typical comps, the 2015 build date influences the valuation. The larger lot (14.00 acres versus the area average of 0.21) contributes to the valuation. The active market in WATERFALL includes 7 comparable homes priced from $320,000 to $595,000. Market data shows 78734 prices fallen 9.5% over the last half year. The closest comparable sale, 5506 LONGHORN LNDG, Austin TX 78734 at an adjusted $404,867, is a strong comparable. With 7 comparable sales in WATERFALL, 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