After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $249,897. Pricing this home between $264,000 and $289,000 would put it in the competitive sweet spot for WATERLEAF. This would position the home competitively among 7 active listings in WATERLEAF. At 129 sqft smaller than the typical comp, the size difference factors into the valuation. There are currently 7 similar homes on the market in WATERLEAF, ranging from $239,900 to $300,000. Market data shows WATERLEAF prices fallen 9.9% over the last half year. The closest comparable sale, 110 Beech DR, Kyle TX 78640 at an adjusted $263,271, is a strong comparable. The comp data here (7 sales in WATERLEAF) 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