My analysis of 7 comparable properties puts this home's estimated value at $261,393. Based on how the local market is moving, a list price between $291,000 and $328,000 would position this home well. This pricing would rank the home as the most affordable of 3 comparable homes on the market in CYPRESS CREEK TWNHMS's current inventory. This home's smaller footprint (124 sqft vs the comp average) plays a role in how the market prices it. At 5 years older than typical comps, the 2008 build date influences the valuation. The active market in CYPRESS CREEK TWNHMS includes 3 comparable homes priced from $275,000 to $385,000. The 6 month price trend in 78613: fallen 3%. The best comp here is 1900 Little Elm TRL # 99, Cedar Park TX 78613 at an adjusted value of $231,360, a strong comparable. With 7 comparable sales in CYPRESS CREEK TWNHMS, 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
