The market data from 5 similar recent sales in CAT HOLLOW points to a value of approximately $421,039. To sell within a reasonable timeframe at fair market value, the $408,000 to $434,000 range is where I'd position this. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in CAT HOLLOW. At 171 sqft larger than the typical comp, the size difference factors into the valuation. 3 similar homes are currently available in CAT HOLLOW, creating a seller's market for this price range. In CAT HOLLOW, home values have risen approximately 7% over the past 6 months. One of the strongest data points is 8602 Bobcat DR, Round Rock TX 78681, adjusting to $429,678; a strong comparable. 5 comparable transactions in CAT HOLLOW support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
