The market data from 5 similar recent sales in BUTTERCUP CREEK points to a value of approximately $461,749. To sell within a reasonable timeframe at fair market value, the $495,000 to $499,000 range is where I'd position this. With 7 comparable homes on the market in BUTTERCUP CREEK, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. At 148 sqft larger than the typical comp, the size difference factors into the valuation. At 0.15 acres, the lot is smaller than the 0.18 acre comp average, which factors into pricing. The active market in BUTTERCUP CREEK includes 7 comparable homes priced from $495,000 to $699,900. In BUTTERCUP CREEK, home values have risen approximately 1.5% over the past 6 months. One of the strongest data points is 1718 Cattle DR, Cedar Park TX 78613, adjusting to $498,686; a strong comparable. 5 comparable transactions in BUTTERCUP CREEK 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