My analysis of 7 comparable properties puts this home's estimated value at $564,167. Based on how the local market is moving, a list price between $579,000 and $580,000 would position this home well. Buyers shopping in WEST CYPRESS HILLS right now would see this as a well positioned option among 3 comparable homes. With 3 similar homes currently listed in WEST CYPRESS HILLS (a balanced market), competition is a factor to consider. The 6 month price trend in WEST CYPRESS HILLS: risen 11.3%. The best comp here is 22308 Chipotle PASS, Spicewood TX 78669 at an adjusted value of $579,613, with a smaller floor plan. With 7 comparable sales in WEST CYPRESS HILLS, 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
