Based on 7 closed sales in LAKE FOREST, the data points to a value around $684,589 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $524,000 to $534,000. Buyers shopping in LAKE FOREST right now would see this as a well positioned option among 6 comparable homes. This home's smaller footprint (218 sqft vs the comp average) plays a role in how the market prices it. 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 8.8% over the last half year. The closest comparable sale, 2804 Forest Green DR, Round Rock TX 78665 at an adjusted $781,838, is with a larger floor plan and a pool. The strength of this estimate comes from 7 directly comparable sales in LAKE FOREST. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group
