Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $457,570. I'd recommend coming to market at $459,000 to $490,000 to strike the right balance between value and market velocity. Among the similar homes currently available in FALCON POINTE, this price point stands out as competitive. Being 130 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 2003, this home is 6 years older than the average comp, which is reflected in the adjustments. Right now, 4 similar properties are competing for buyers in FALCON POINTE, listed between $415,000 and $625,000. The trend in FALCON POINTE shows prices have fallen 4% in the past 6 months. 2005 Tranquility LN, Pflugerville TX 78660 nearby adjusts to $446,142; a strong comparable. With 5 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
