After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $460,457. Pricing this home between $533,000 and $542,000 would put it in the competitive sweet spot for COVES OF CIMARRON. This pricing would rank the home as the 3rd least expensive of 7 comparable homes on the market in COVES OF CIMARRON's current inventory. At 103 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (0.37 acres versus the area average of 0.31) contributes to the valuation. Right now, 7 similar properties are competing for buyers in COVES OF CIMARRON, listed between $414,990 and $679,999. Market data shows 78610 prices fallen 8.9% over the last half year. The closest comparable sale, 900 Laurel CV, Buda TX 78610 at an adjusted $397,006, is a strong comparable. With 3 comparable sales in COVES OF CIMARRON, 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
