Reviewing the most recent comparable transactions, this home's market value falls around $533,757. For a well positioned listing in GRAND OAKS, I'd target the $430,000 to $440,000 range. At this price, the property would be the most expensive of 5 comparable homes on the market comparable homes currently on the market in GRAND OAKS. With 5 similar homes currently listed in GRAND OAKS (a seller's market), competition is a factor to consider. Recent trends in GRAND OAKS show home values have fallen 10% since 6 months ago. The most comparable recent sale is 8606 Dulcet DR, Austin TX 78745, with an adjusted value of $505,000; a strong comparable. 3 comparable transactions in GRAND OAKS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group