After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $534,056. Pricing this home between $300,000 and $310,000 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. The smaller floor plan (1,041 sqft compared to the average comp) is a meaningful differentiator in this price range. At 13 years newer than typical comps, the 2015 build date influences the valuation. The active market in WATERFALL includes 7 comparable homes priced from $279,900 to $595,000. Market data shows 78734 prices fallen 0.7% over the last half year. The closest comparable sale, 3139 Chisholm TRL, Austin TX 78734 at an adjusted $426,979, 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