The market data from 7 similar recent sales in BEHRENS RANCH points to a value of approximately $1,508,678. To sell within a reasonable timeframe at fair market value, the $1,378,000 to $1,905,000 range is where I'd position this. With 3 comparable homes on the market in BEHRENS RANCH, this price positions the property as the most expensive of 3 comparable homes on the market. The larger floor plan (818 sqft compared to the average comp) is a meaningful differentiator in this price range. The pool is a differentiator here, since 3 of 7 comparable sales didn't include one. Right now, 3 similar properties are competing for buyers in BEHRENS RANCH, listed between $1,299,900 and $3,150,000. In BEHRENS RANCH, home values have risen approximately 1% over the past 6 months. One of the strongest data points is 2203 Court Del Rey, Round Rock TX 78681, adjusting to $1,904,605; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group