Reviewing the most recent comparable transactions, this home's market value falls around $267,629. For a well positioned listing in SUMMERLYN PH P-4A, I'd target the $281,000 to $286,000 range. With 3 comparable homes on the market in SUMMERLYN PH P-4A, this price positions the property as the most expensive of 3 comparable homes on the market. Being 185 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 2011 construction puts this home 5 years newer than the comp average, a factor in the pricing. Right now, 3 similar properties are competing for buyers in SUMMERLYN PH P-4A, listed between $273,500 and $310,000. Recent trends in 78641 show home values have fallen 4.8% since 6 months ago. The most comparable recent sale is 437 Moorhen CV, Leander TX 78641, with an adjusted value of $253,499; a strong comparable. 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