After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $496,636. Pricing this home between $516,000 and $551,000 would put it in the competitive sweet spot for BEACONRIDGE -A. This pricing would rank the home as the most expensive of 4 comparable homes on the market in BEACONRIDGE -A's current inventory. The smaller lot (0.13 acres versus the area average of 0.16) contributes to the valuation. The active market in BEACONRIDGE -A includes 4 comparable homes priced from $397,500 to $524,990. Market data shows 78745 prices fallen 3.4% over the last half year. The closest comparable sale, 7010 Meadow RUN, Austin TX 78745 at an adjusted $593,956, is with a smaller floor plan. The comp data here (3 sales in BEACONRIDGE -A) 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