After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $2,048,338. Pricing this home between $1,402,000 and $1,412,000 would put it in the competitive sweet spot for BEE CREEK ESTATES. Relative to what's currently available in BEE CREEK ESTATES, this home would be the 2nd most expensive of 5 comparable homes on the market. At 6 years older than typical comps, the 2007 build date influences the valuation. The smaller lot (1.73 acres versus the area average of 3.11) contributes to the valuation. 5 similar homes are currently available in BEE CREEK ESTATES, creating a buyer's market for this price range. Market data shows 78669 prices fallen 0.8% over the last half year. The closest comparable sale, 7816 Lynchburg DR, Austin TX 78738 at an adjusted $2,004,983, is with a smaller floor plan. With 7 comparable sales in BEE CREEK ESTATES, 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
