After reviewing 4 recent transactions in ACADEMY PLACE, I estimate this property's value at $481,942. A competitive list price for this home right now would fall in the $418,000 to $428,000 range. This home's position in the current ACADEMY PLACE market: the 3rd most expensive of 5 comparable homes on the market among comparable properties. The larger floor plan (145 sqft compared to the average comp) is a meaningful differentiator in this price range. Buyers in ACADEMY PLACE have 5 comparable options right now, with asking prices between $447,250 and $625,000. Prices in 78738 have risen 6.7% over the last 6 months. A similar home at 7 Tourney CV, The Hills TX 78738 carries an adjusted comparable value of $568,936, providing a strong data point. With 4 comparable sales in ACADEMY PLACE, 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