2413 Ericanna, Leander TX 78641

Reviewing the most recent comparable transactions, this home's market value falls around $371,648. For a well positioned listing in COLD SPGS, I'd target the $403,000 to $419,000 range. With 5 comparable homes on the market in COLD SPGS, this price positions the property as the 3rd most expensive of 5 comparable homes on the market. The smaller floor plan (108 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.00 acres, the lot is smaller than the 0.16 acre comp average, which factors into pricing. With 5 similar homes currently listed in COLD SPGS (a buyer's market), competition is a factor to consider. Recent trends in 78641 show home values have fallen 3.1% since 6 months ago. The most comparable recent sale is 201 Caddo Lake DR, Georgetown TX 78628, with an adjusted value of $379,503; a strong comparable. 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