My analysis of 6 comparable properties puts this home's estimated value at $395,974. Based on how the local market is moving, a list price between $329,000 and $339,000 would position this home well. This would position the home competitively among 7 active listings in MEADOW LAKE REV. Being 401 sqft larger than the average comparable sale in this area impacts the per square foot value. With 7 similar homes currently listed in MEADOW LAKE REV (a balanced market), competition is a factor to consider. The 6 month price trend in MEADOW LAKE REV: fallen 8.7%. The best comp here is 1302 Gulf WAY, Round Rock TX 78665 at an adjusted value of $339,443, with a smaller floor plan. With 6 comparable sales in MEADOW LAKE REV, 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