The comparable sales data (5 recent transactions in SUMMERLYN PH P-3A) supports an estimated value of $333,398. The data suggests a list price between $257,000 and $267,000 would attract qualified buyers without leaving money on the table. This pricing would rank the home as the 4th most expensive of 7 comparable homes on the market in SUMMERLYN PH P-3A's current inventory. Being built in 2008 (8 years older than comps) is factored into the value estimate. With 7 similar homes currently listed in SUMMERLYN PH P-3A (a buyer's market), competition is a factor to consider. Prices in 78641 have fallen 4.8% over the last 6 months. A similar home at 133 Hopen CV, Leander TX 78641 carries an adjusted comparable value of $336,664, providing a strong data point. This estimate draws on 5 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