2624 Franciscana WAY, Leander TX 78641

After reviewing 6 recent transactions in PALMERA RIDGE, I estimate this property's value at $517,259. A competitive list price for this home right now would fall in the $439,000 to $449,000 range. This home's position in the current PALMERA RIDGE market: the 2nd most expensive of 5 comparable homes on the market among comparable properties. At 182 sqft larger than the typical comp, the size difference factors into the valuation. The smaller lot (0.10 acres versus the area average of 0.14) contributes to the valuation. Current inventory shows 5 comparable homes in PALMERA RIDGE; a balanced market based on recent absorption. Prices in PALMERA RIDGE have risen 4% over the last 6 months. A similar home at 921 Isaias DR, Leander TX 78641 carries an adjusted comparable value of $476,750, providing a strong data point. The comp data here (6 sales in PALMERA RIDGE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus