My analysis of 7 comparable properties puts this home's estimated value at $409,330. Based on how the local market is moving, a list price between $498,000 and $499,000 would position this home well. Buyers shopping in GATLINBURG right now would see this as a well positioned option among 7 comparable homes. This home's larger footprint (1,080 sqft vs the comp average) plays a role in how the market prices it. There are currently 7 similar homes on the market in GATLINBURG, ranging from $415,000 to $573,805. The 6 month price trend in GATLINBURG: fallen 2.9%. The best comp here is 1311 Dove Haven DR, Pflugerville TX 78660 at an adjusted value of $532,588, with a smaller floor plan. With 7 comparable sales in GATLINBURG, 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