The market data from 5 similar recent sales in SUMMERLYN PH P-2 points to a value of approximately $318,719. To sell within a reasonable timeframe at fair market value, the $396,000 to $437,000 range is where I'd position this. At this price, the property would be the most affordable of 7 comparable homes on the market comparable homes currently on the market in SUMMERLYN PH P-2. The 2006 construction puts this home 6 years older than the comp average, a factor in the pricing. There are currently 7 similar homes on the market in SUMMERLYN PH P-2, ranging from $365,000 to $520,000. One of the strongest data points is 353 King Elder LN, Leander TX 78641, adjusting to $300,333; with a larger floor plan. The 5 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
