The market data from 4 similar recent sales in CAT HOLLOW SEC points to a value of approximately $398,335. To sell within a reasonable timeframe at fair market value, the $313,000 to $323,000 range is where I'd position this. With 5 comparable homes on the market in CAT HOLLOW SEC, this price positions the property as the 3rd most expensive of 5 comparable homes on the market. At 198 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.14 acres, the lot is smaller than the 0.17 acre comp average, which factors into pricing. 5 similar homes are currently available in CAT HOLLOW SEC, creating a seller's market for this price range. In CAT HOLLOW SEC, home values have risen approximately 16.5% over the past 6 months. One of the strongest data points is 4046 CARGILL DR, Round Rock TX 78681, adjusting to $420,792; a strong comparable. 4 comparable transactions in CAT HOLLOW SEC support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
