407 W South ST, Leander TX 78641

The estimated value of this property is $456,976, based on 5 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $549,000 and $562,000. With 7 comparable homes on the market in 78641, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The larger floor plan (470 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2004, this home is 7 years older than the average comp, which is reflected in the adjustments. The active market in 78641 includes 7 comparable homes priced from $375,000 to $749,900. Recent trends in 78641 show home values have fallen 4.8% since 6 months ago. The most comparable recent sale is 200 Sil CV, Leander TX 78641, with an adjusted value of $398,406; with a smaller floor plan. Based on 5 relevant data points in 78641, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX