1401 Rainbow Parke DR, Round Rock TX 78665

The estimated value of this property is $524,438, based on 4 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $540,000 and $561,000. With 7 comparable homes on the market in RAINBOW PARKE, this price positions the property as the 4th most expensive of 7 comparable homes on the market. The 153 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 2007, this home is 6 years older than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in RAINBOW PARKE, listed between $425,000 and $595,000. Recent trends in 78665 show home values have fallen 6.2% since 6 months ago. The most comparable recent sale is 2632 Los Alamos PASS, Round Rock TX 78665, with an adjusted value of $512,653; a strong comparable. Based on 4 relevant data points in RAINBOW PARKE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX