After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $778,206. Pricing this home between $653,000 and $663,000 would put it in the competitive sweet spot for FOREST CREEK. This home's position in the current FOREST CREEK market: the 2nd most expensive of 7 comparable homes on the market among comparable properties. At 464 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (0.29 acres versus the area average of 0.20) contributes to the valuation. Current inventory shows 7 comparable homes in FOREST CREEK; a buyer's market based on recent absorption. Market data shows FOREST CREEK prices fallen 25.8% over the last half year. The closest comparable sale, 3809 Bent Brook DR, Round Rock TX 78664 at an adjusted $846,713, is with a smaller floor plan. With 3 comparable sales in FOREST CREEK, 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