My analysis of 5 comparable properties puts this home's estimated value at $607,669. Based on how the local market is moving, a list price between $589,000 and $626,000 would position this home well. This would position the home competitively among 3 active listings in FOREST CREEK. At 476 sqft larger than the typical comp, the size difference factors into the valuation. At 7 years newer than typical comps, the 2016 build date influences the valuation. Right now, 3 similar properties are competing for buyers in FOREST CREEK, listed between $599,000 and $710,000. The 6 month price trend in FOREST CREEK: fallen 25.8%. The best comp here is 3840 Harvey Penick DR, Round Rock TX 78664 at an adjusted value of $701,981, with a larger floor plan. With 5 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
