Reviewing the most recent comparable transactions, this home's market value falls around $662,574. For a well positioned listing in CARDINAL HILLS, I'd target the $1,191,000 to $1,386,000 range. At this price, the property would be the most affordable of 7 comparable homes on the market comparable homes currently on the market in CARDINAL HILLS. At 2,362 sqft larger than the typical comp, the size difference factors into the valuation. At 0.32 acres, the lot is larger than the 0.29 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in CARDINAL HILLS, listed between $1,250,000 and $3,950,000. Recent trends in CARDINAL HILLS show home values have risen 34% since 6 months ago. The most comparable recent sale is 15200 Falcon DR, Austin TX 78734, with an adjusted value of $559,098; with a smaller floor plan. 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
