The estimated value of this property is $315,406, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $326,000 and $332,000. In the current SUMMERLYN PH L-1B market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. Built in 2006, this home is 9 years older than the average comp, which is reflected in the adjustments. The active market in SUMMERLYN PH L-1B includes 3 comparable homes priced from $325,000 to $325,000. Recent trends in 78641 show home values have fallen 4.8% since 6 months ago. The most comparable recent sale is 767 Hoot Owl LN, Leander TX 78641, with an adjusted value of $317,264; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group