After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $291,264. Pricing this home between $313,000 and $317,000 would put it in the competitive sweet spot for CREEK BEND. This would position the home competitively among 5 active listings in CREEK BEND. The smaller lot (0.00 acres versus the area average of 0.18) contributes to the valuation. With 5 similar homes currently listed in CREEK BEND (a balanced market), competition is a factor to consider. Market data shows CREEK BEND prices fallen 4.9% over the last half year. The closest comparable sale, 302 Floating Leaf DR, Hutto TX 78634 at an adjusted $279,090, is a strong comparable. With 7 comparable sales in CREEK BEND, 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