My analysis of 3 comparable properties puts this home's estimated value at $917,273. Based on how the local market is moving, a list price between $625,000 and $635,000 would position this home well. Buyers shopping in CYPRESS ACRES A-D right now would see this as a well positioned option among 7 comparable homes. The smaller floor plan (111 sqft compared to the average comp) is a meaningful differentiator in this price range. Right now, 7 similar properties are competing for buyers in CYPRESS ACRES A-D, listed between $639,000 and $1,200,000. The 6 month price trend in 78641: fallen 4.8%. The best comp here is 14203 FM 2769, Leander TX 78641 at an adjusted value of $786,644, with a larger floor plan. The comp data here (3 sales in CYPRESS ACRES A-D) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus