Based on 4 closed sales in ANDERSON MILL WEST, the data points to a value around $507,153 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $555,000 to $586,000. This home's position in the current ANDERSON MILL WEST market: the 3rd most expensive of 5 comparable homes on the market among comparable properties. The larger floor plan (266 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2004 (10 years newer than comps) is factored into the value estimate. There are currently 5 similar homes on the market in ANDERSON MILL WEST, ranging from $448,000 to $600,000. Market data shows ANDERSON MILL WEST prices fallen 11.2% over the last half year. The closest comparable sale, 2113 Lobelia DR, Cedar Park TX 78613 at an adjusted $494,555, is a strong comparable. This estimate draws on 4 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus