Based on 5 closed sales in SUNDANCE RANCH, the data points to a value around $773,886 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $492,000 to $502,000. Relative to what's currently available in SUNDANCE RANCH, this home would be the most expensive of 7 comparable homes on the market. At 136 sqft larger than the typical comp, the size difference factors into the valuation. A pool adds market appeal. Only 5 minus 3 of the comps had one. Right now, 7 similar properties are competing for buyers in SUNDANCE RANCH, listed between $435,000 and $1,500,000. Market data shows SUNDANCE RANCH prices fallen 0.3% over the last half year. The closest comparable sale, 144 Sundance TRL, Liberty Hill TX 78642 at an adjusted $695,756, is with a smaller floor plan. The strength of this estimate comes from 5 directly comparable sales in SUNDANCE RANCH. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group
