After adjusting 5 comparable sales for differences in size, age, and features, this home's estimated value is $731,160. Pricing this home between $717,000 and $746,000 would put it in the competitive sweet spot for FOREST RIDGE. This pricing would rank the home as the most expensive of 3 comparable homes on the market in FOREST RIDGE's current inventory. The larger floor plan (391 sqft compared to the average comp) is a meaningful differentiator in this price range. Current inventory shows 3 comparable homes in FOREST RIDGE; a buyer's market based on recent absorption. Market data shows FOREST RIDGE prices risen 11.6% over the last half year. The closest comparable sale, 2902 CEDAR CREST CIR, Round Rock TX 78665 at an adjusted $720,543, is a strong comparable. The comp data here (5 sales in FOREST RIDGE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus