The market data from 7 similar recent sales in ELLIOTT RANCH points to a value of approximately $875,275. To sell within a reasonable timeframe at fair market value, the $689,000 to $699,000 range is where I'd position this. In the current ELLIOTT RANCH market with 5 similar homes available, this price represents the 2nd most expensive of 5 comparable homes on the market. At 237 sqft smaller than the typical comp, the size difference factors into the valuation. The pool is a differentiator here, since 3 of 7 comparable sales didn't include one. Buyers in ELLIOTT RANCH have 5 comparable options right now, with asking prices between $595,000 and $1,150,000. In 78610, home values have fallen approximately 8.9% over the past 6 months. One of the strongest data points is 13415 Copper Hills DR, Manchaca TX 78652, adjusting to $1,102,375; a strong comparable. 7 comparable transactions in ELLIOTT RANCH support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group