My analysis of 6 comparable properties puts this home's estimated value at $455,135. Based on how the local market is moving, a list price between $463,000 and $470,000 would position this home well. This home's position in the current FALCON POINTE market: the 3rd least expensive of 7 comparable homes on the market among comparable properties. The smaller floor plan (129 sqft compared to the average comp) is a meaningful differentiator in this price range. At 7 years older than typical comps, the 2002 build date influences the valuation. Current inventory shows 7 comparable homes in FALCON POINTE; a balanced market based on recent absorption. The 6 month price trend in FALCON POINTE: risen 3.8%. The best comp here is 2125 Village View LOOP, Pflugerville TX 78660 at an adjusted value of $522,432, a strong comparable. With 6 comparable sales in FALCON POINTE, 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