517 Powell DR, Leander TX 78641

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $686,061. I'd recommend coming to market at $452,000 to $462,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in LEANDER HEIGHTS, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. Built in 2004, this home is 8 years older than the average comp, which is reflected in the adjustments. The 1.85 acre lot (larger than the 0.67 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in LEANDER HEIGHTS; a buyer's market based on recent absorption. The trend in 78641 shows prices have fallen 3.1% in the past 6 months. 1805 Hollowback DR, Leander TX 78641 nearby adjusts to $610,108; with a smaller 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