The estimated value of this property is $623,746, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $490,000 and $500,000. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in CYPRESS MILL. The 117 sqft size difference versus comparable sales is reflected in the adjusted values. Current inventory shows 7 comparable homes in CYPRESS MILL; a buyer's market based on recent absorption. Recent trends in CYPRESS MILL show home values have risen 8.1% since 6 months ago. The most comparable recent sale is 1300 Roadrunner DR, Cedar Park TX 78613, with an adjusted value of $649,662; a strong comparable. Based on 7 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
