After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $497,049. Pricing this home between $295,000 and $305,000 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 (919 sqft compared to the average comp) is a meaningful differentiator in this price range. At 15 years newer than typical comps, the 2015 build date influences the valuation. The active market in WATERFALL includes 7 comparable homes priced from $275,000 to $1,850,000. Market data shows 78734 prices risen 7.2% over the last half year. The closest comparable sale, 15210 Kevin LN, Austin TX 78734 at an adjusted $486,042, 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