Reviewing the most recent comparable transactions, this home's market value falls around $505,015. For a well positioned listing in FOREST CREEK, I'd target the $531,000 to $534,000 range. With 7 comparable homes on the market in FOREST CREEK, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. The larger floor plan (185 sqft compared to the average comp) is a meaningful differentiator in this price range. There are currently 7 similar homes on the market in FOREST CREEK, ranging from $424,900 to $565,000. Recent trends in FOREST CREEK show home values have risen 16.9% since 6 months ago. The most comparable recent sale is 202 Nick Price LOOP, Round Rock TX 78664, with an adjusted value of $484,650; with a larger 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
