My analysis of 7 comparable properties puts this home's estimated value at $297,092. Based on how the local market is moving, a list price between $302,000 and $319,000 would position this home well. This home's position in the current JESTER FARMS market: the 3rd most expensive of 7 comparable homes on the market among comparable properties. The smaller lot (0.00 acres versus the area average of 0.15) contributes to the valuation. Right now, 7 similar properties are competing for buyers in JESTER FARMS, listed between $300,000 and $360,000. The 6 month price trend in JESTER FARMS: fallen 3.4%. The best comp here is 2101 Jester Farms RD, Round Rock TX 78664 at an adjusted value of $271,831, a strong comparable. With 7 comparable sales in JESTER FARMS, 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
