505 Red Knot Ave, Leander TX 78641

Based on 3 closed sales in SUMMERLYN WEST, the data points to a value around $426,445 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $354,000 to $364,000. Relative to what's currently available in SUMMERLYN WEST, this home would be the 2nd least expensive of 6 comparable homes on the market. Being built in 2022 (9 years newer than comps) is factored into the value estimate. Lot size matters here: 0.35 acres versus 0.23 for the typical comp. Right now, 6 similar properties are competing for buyers in SUMMERLYN WEST, listed between $330,000 and $899,000. Market data shows SUMMERLYN WEST prices fallen 1.2% over the last half year. The closest comparable sale, 625 Sierra Mar LOOP, Leander TX 78641 at an adjusted $427,295, is with a larger floor plan. This estimate draws on 3 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus