Based on 5 closed sales in HILLS LAKEWAY, the data points to a value around $1,204,470 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $842,000 to $852,000. This pricing would rank the home as the 3rd most expensive of 7 comparable homes on the market in HILLS LAKEWAY's current inventory. At 638 sqft larger than the typical comp, the size difference factors into the valuation. Being built in 2019 (10 years newer than comps) is factored into the value estimate. 7 similar homes are currently available in HILLS LAKEWAY, creating a balanced market for this price range. Market data shows HILLS LAKEWAY prices risen 7.6% over the last half year. The closest comparable sale, 3 Applegreen CT, The Hills TX 78738 at an adjusted $1,426,528, is with a smaller floor plan and a pool. The strength of this estimate comes from 5 directly comparable sales in HILLS LAKEWAY. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group