4 recent sales in the surrounding area of this address suggest a current value of $456,830. My recommended list price range for this property would be $384,000 to $394,000. In the current PINE FOREST P III market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. Built in 2001, this home is 13 years older than the average comp, which is reflected in the adjustments. The 1.20 acre lot (larger than the 0.93 acre average) is reflected in the estimate. The active market in PINE FOREST P III includes 7 comparable homes priced from $409,000 to $834,000. In 78602, home values have fallen approximately 2.4% over the past 6 months. One of the strongest data points is 108 E Tanglebriar CT, Bastrop TX 78602, adjusting to $467,586; with a smaller floor plan. Based on 4 relevant data points in PINE FOREST P III, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX
