Based on what similar homes have actually sold for within a mile, I'd place this property's value at $415,461. I'd recommend coming to market at $418,000 to $422,000 to strike the right balance between value and market velocity. At this price, the property would be the 4th most expensive of 7 comparable homes on the market comparable homes currently on the market in VISTA OAKS. The smaller floor plan (109 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.21 acre lot (larger than the 0.18 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in VISTA OAKS, listed between $364,000 and $460,000. The trend in VISTA OAKS shows prices have risen 17.2% in the past 6 months. 4233 Kingsburg DR, Round Rock TX 78681 nearby adjusts to $412,218; a strong comparable. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
