Reviewing the most recent comparable transactions, this home's market value falls around $282,302. For a well positioned listing in SUMMERLYN PH P-2, I'd target the $314,000 to $324,000 range. Against 5 similar active listings in SUMMERLYN PH P-2, this price point lands at the most affordable of 5 comparable homes on the market. Being 216 sqft smaller than the average comparable sale in this area impacts the per square foot value. The active market in SUMMERLYN PH P-2 includes 5 comparable homes priced from $325,000 to $359,999. The most comparable recent sale is 339 King Elder LN, Leander TX 78641, with an adjusted value of $263,125; with a larger floor plan. The 4 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