445 Falcon LN, Leander TX 78641

The estimated value of this property is $376,026, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $313,000 and $323,000. With 3 comparable homes on the market in SUMMERLYN PH L-1A, this price positions the property as the most expensive of 3 comparable homes on the market. Built in 2006, this home is 7 years older than the average comp, which is reflected in the adjustments. The 0.35 acre lot (larger than the 0.17 acre average) is reflected in the estimate. With 3 similar homes currently listed in SUMMERLYN PH L-1A (a buyer's market), competition is a factor to consider. Recent trends in 78641 show home values have fallen 1.7% since 6 months ago. The most comparable recent sale is 104 Painted Bunting CV, Leander TX 78641, with an adjusted value of $332,767; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group