The estimated value of this property is $287,034, based on 5 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $238,000 and $248,000. Against 4 similar active listings in BLOCK HOUSE CRK, this price point lands at the 2nd most expensive of 4 comparable homes on the market. The 134 sqft size difference versus comparable sales is reflected in the adjusted values. Current inventory shows 4 comparable homes in BLOCK HOUSE CRK; based on recent absorption. Recent trends in BLOCK HOUSE CRK show home values have fallen 8% since 6 months ago. The most comparable recent sale is 15007 Red Heron DR, Leander TX 78641, with an adjusted value of $314,646; with a larger floor plan. Based on 5 relevant data points in BLOCK HOUSE CRK, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX