After adjusting 6 comparable sales for differences in size, age, and features, this home's estimated value is $219,992. Pricing this home between $227,000 and $245,000 would put it in the competitive sweet spot for AMBERWOOD PH ONE. Relative to what's currently available in AMBERWOOD PH ONE, this home would be the 2nd most expensive of 3 comparable homes on the market. The smaller floor plan (138 sqft compared to the average comp) is a meaningful differentiator in this price range. 3 similar homes are currently available in AMBERWOOD PH ONE, creating a buyer's market for this price range. Market data shows AMBERWOOD PH ONE prices risen 4.8% over the last half year. The closest comparable sale, 382 Bloomsbury DR, Kyle TX 78640 at an adjusted $226,929, is a strong comparable. The comp data here (6 sales in AMBERWOOD PH ONE) 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