After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $526,834. Pricing this home between $430,000 and $440,000 would put it in the competitive sweet spot for LAKE FOREST. This home's position in the current LAKE FOREST market: the 3rd most expensive of 6 comparable homes on the market among comparable properties. The 102 sqft size difference versus comparable sales is reflected in the adjusted values. With 6 similar homes currently listed in LAKE FOREST (a buyer's market), competition is a factor to consider. Market data shows LAKE FOREST prices fallen 16.5% over the last half year. The closest comparable sale, 2802 Cool River LOOP, Round Rock TX 78665 at an adjusted $558,693, is with a smaller floor plan. The comp data here (7 sales in LAKE FOREST) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus
