8913 China Rose DR, Austin TX 78724

The estimated value of this property is $451,026, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $357,000 and $367,000. With 5 comparable homes on the market in WOODLANDS THE, this price positions the property as the 2nd least expensive of 5 comparable homes on the market. The smaller floor plan (102 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2009, this home is 5 years older than the average comp, which is reflected in the adjustments. With 5 similar homes currently listed in WOODLANDS THE (a buyer's market), competition is a factor to consider. Recent trends in WOODLANDS THE show home values have fallen 14.3% since 6 months ago. The most comparable recent sale is 5228 Bantom Woods BND, Austin TX 78724, with an adjusted value of $308,368; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group