My analysis of 7 comparable properties puts this home's estimated value at $516,637. Based on how the local market is moving, a list price between $398,000 and $408,000 would position this home well. Relative to what's currently available in PINE FOREST, this home would be the most expensive of 7 comparable homes on the market. At 272 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (6.55 acres versus the area average of 1.95) contributes to the valuation. 7 similar homes are currently available in PINE FOREST, creating a buyer's market for this price range. The 6 month price trend in 78602: risen 0.2%. The best comp here is 148 Kamakoa LN, Bastrop TX 78602 at an adjusted value of $506,746, a strong comparable. With 7 comparable sales in PINE FOREST, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
