Based on what similar homes have actually sold for within a mile, I'd place this property's value at $484,272. I'd recommend coming to market at $515,000 to $538,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in RED OAKS. Built in 2007, this home is 6 years newer than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in RED OAKS, listed between $464,000 and $564,000. The trend in RED OAKS shows prices have risen 1.4% in the past 6 months. 604 Pebblestone Walk DR, Cedar Park TX 78613 nearby adjusts to $557,214; with a larger floor plan. Based on 7 relevant data points in RED OAKS, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX