Taking into account 7 nearby comparable sales, this property's estimated value comes to $1,864,862. If we were to list this property today, I'd recommend a list price in the $1,965,000 to $1,981,000 range. This pricing would rank the home as the 2nd most expensive of 4 comparable homes on the market in CYPRESS ACRES A-D's current inventory. Being 923 sqft larger than the average comparable sale in this area impacts the per square foot value. A pool adds market appeal. Only 7 minus 2 of the comps had one. Current inventory shows 4 comparable homes in CYPRESS ACRES A-D; a buyer's market based on recent absorption. The 6 month price trend in 78641: fallen 4.3%. The best comp here is 8416 Lime Creek RD, Volente TX 78641 at an adjusted value of $3,268,799, with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in CYPRESS ACRES A-D. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group
