After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $399,300. Pricing this home between $391,000 and $407,000 would put it in the competitive sweet spot for LAKE SANDY. Relative to what's currently available in LAKE SANDY, this home would be the 4th most expensive of 7 comparable homes on the market. This home's larger footprint (218 sqft vs the comp average) plays a role in how the market prices it. At 5 years older than typical comps, the 1955 build date influences the valuation. Right now, 7 similar properties are competing for buyers in LAKE SANDY, listed between $280,000 and $1,295,000. Market data shows 78645 prices fallen 6.5% over the last half year. The closest comparable sale, 17009 E Darleen DR # 2, Leander TX 78641 at an adjusted $530,653, is with a smaller floor plan. The comp data here (3 sales in LAKE SANDY) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus