My analysis of 7 comparable properties puts this home's estimated value at $428,479. Based on how the local market is moving, a list price between $443,000 and $458,000 would position this home well. Relative to what's currently available in LAKES OF NORTHTOWN, this home would be the 2nd most expensive of 3 comparable homes on the market. This home's larger footprint (291 sqft vs the comp average) plays a role in how the market prices it. 3 similar homes are currently available in LAKES OF NORTHTOWN, creating a buyer's market for this price range. The 6 month price trend in 78660: fallen 4.6%. The best comp here is 915 Thrasher Glade DR, Austin TX 78660 at an adjusted value of $440,551, a strong comparable. With 7 comparable sales in LAKES OF NORTHTOWN, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
