1124 Waterfall Ave, Leander TX 78641

The market data from 3 similar recent sales in ALTERRA points to a value of approximately $426,478. To sell within a reasonable timeframe at fair market value, the $471,000 to $488,000 range is where I'd position this. In the current ALTERRA market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. The smaller floor plan (116 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.10 acres, the lot is smaller than the 0.14 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in ALTERRA, listed between $382,500 and $505,000. In 78641, home values have fallen approximately 4.8% over the past 6 months. One of the strongest data points is 609 Joppa RD, Leander TX 78641, adjusting to $438,053; with a smaller floor plan. 3 comparable transactions in ALTERRA support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group