Taking into account 7 nearby comparable sales, this property's estimated value comes to $470,645. If we were to list this property today, I'd recommend a list price in the $393,000 to $403,000 range. This would position the home competitively among 7 active listings in LAKE FOREST. The smaller floor plan (135 sqft compared to the average comp) is a meaningful differentiator in this price range. Current inventory shows 7 comparable homes in LAKE FOREST; a buyer's market based on recent absorption. The 6 month price trend in LAKE FOREST: fallen 16.5%. The best comp here is 1624 Belvedere PL, Round Rock TX 78665 at an adjusted value of $368,698, a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus