7 recent sales within a mile of this address suggest a current value of $502,916. My recommended list price range for this property would be $393,000 to $403,000. With 3 comparable homes on the market in HIGH GABRIEL WEST, this price positions the property as the most expensive of 3 comparable homes on the market. Built in 2015, this home is 5 years newer than the average comp, which is reflected in the adjustments. The 0.54 acre lot (larger than the 0.44 acre average) is reflected in the estimate. With 3 similar homes currently listed in HIGH GABRIEL WEST (a balanced market), competition is a factor to consider. In HIGH GABRIEL WEST, home values have fallen approximately 14% over the past 6 months. One of the strongest data points is 115 Signal Hill DR, Leander TX 78641, adjusting to $675,251; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
