The estimated value of this property is $616,316, based on 6 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $534,000 and $544,000. At this price, the property would be the 2nd most expensive of 3 comparable homes on the market comparable homes currently on the market in CYPRESS MILL. The 205 sqft size difference versus comparable sales is reflected in the adjusted values. Current inventory shows 3 comparable homes in CYPRESS MILL; based on recent absorption. Recent trends in CYPRESS MILL show home values have fallen 7.4% since 6 months ago. The most comparable recent sale is 1302 Mesquite RD, Cedar Park TX 78613, with an adjusted value of $666,820; a strong comparable. Based on 6 relevant data points in CYPRESS MILL, 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
