The estimated value of this property is $614,262, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $907,000 and $910,000. Against 7 similar active listings in OVERLOOK ESTATES, this price point lands at the 2nd least expensive of 7 comparable homes on the market. This home's larger footprint (1,085 sqft vs the comp average) plays a role in how the market prices it. The pool is a standout feature, with 4 of 7 comparable homes not offering one. 7 similar homes are currently available in OVERLOOK ESTATES, creating a buyer's market for this price range. Recent trends in 78641 show home values have fallen 4.8% since 6 months ago. The most comparable recent sale is 2015 Angelique CT, Leander TX 78641, with an adjusted value of $584,786; with a smaller floor plan and no pool. Based on 7 relevant data points in OVERLOOK ESTATES, 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
