The comparable sales data (3 recent transactions in SUMMERLYN PH P1) supports an estimated value of $353,513. The data suggests a list price between $464,000 and $469,000 would attract qualified buyers without leaving money on the table. Buyers shopping in SUMMERLYN PH P1 right now would see this as a well positioned option among 7 comparable homes. At 160 sqft larger than the typical comp, the size difference factors into the valuation. Being built in 2006 (5 years older than comps) is factored into the value estimate. There are currently 7 similar homes on the market in SUMMERLYN PH P1, ranging from $365,000 to $510,000. Prices in 78641 have fallen 4.8% over the last 6 months. A similar home at 217 Inca Dove LN, Leander TX 78641 carries an adjusted comparable value of $311,241, providing a strong data point. This estimate draws on 3 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus