Reviewing the most recent comparable transactions, this home's market value falls around $496,204. For a well positioned listing in CARMEL CREEK ESTATE, I'd target the $337,000 to $347,000 range. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in CARMEL CREEK ESTATE. The pool is a differentiator here, since 5 of 7 comparable sales didn't include one. At 3.41 acres, the lot is larger than the 1.00 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in CARMEL CREEK ESTATE, listed between $320,000 and $750,000. Recent trends in 78634 show home values have fallen 2.9% since 6 months ago. The most comparable recent sale is 281 Lemens Ave, Hutto TX 78634, with an adjusted value of $1,046,398; with no pool. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group