After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,051,730. Pricing this home between $611,000 and $621,000 would put it in the competitive sweet spot for HOMESTEAD. This home's position in the current HOMESTEAD market: the most expensive of 3 comparable homes on the market among comparable properties. At 23 years newer than typical comps, the 2016 build date influences the valuation. The larger lot (2.05 acres versus the area average of 1.73) contributes to the valuation. With 3 similar homes currently listed in HOMESTEAD (a seller's market), competition is a factor to consider. Market data shows HOMESTEAD prices risen 6.8% over the last half year. The closest comparable sale, 13601 Lone Rider TRL, Austin TX 78738 at an adjusted $1,036,903, is a strong comparable. The comp data here (7 sales in HOMESTEAD) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus
