The market data from 3 similar recent sales in COLONY SEC FOUR points to a value of approximately $768,174. To sell within a reasonable timeframe at fair market value, the $745,000 to $791,000 range is where I'd position this. At this price, the property would be the most expensive of 2 comparable homes on the market comparable homes currently on the market in COLONY SEC FOUR. At 552 sqft larger than the typical comp, the size difference factors into the valuation. The active market in COLONY SEC FOUR includes 2 comparable homes priced from $724,900 to $899,000. In 78602, home values have risen approximately 4.1% over the past 6 months. One of the strongest data points is 136 Territory DR, Bastrop TX 78602, adjusting to $856,364; with a smaller floor plan. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group