400 Hoot Owl LN, Leander TX 78641

Reviewing the most recent comparable transactions, this home's market value falls around $415,722. For a well positioned listing in SUMMERLYN PH P-2, I'd target the $407,000 to $424,000 range. At this price, the property would be the most affordable of 7 comparable homes on the market comparable homes currently on the market in SUMMERLYN PH P-2. The larger floor plan (545 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.23 acres, the lot is larger than the 0.18 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in SUMMERLYN PH P-2, ranging from $370,000 to $684,900. Recent trends in 78641 show home values have fallen 1.3% since 6 months ago. The most comparable recent sale is 353 King Elder LN, Leander TX 78641, with an adjusted value of $409,703; with a smaller floor plan. 3 comparable transactions in SUMMERLYN PH P-2 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group