My analysis of 3 comparable properties puts this home's estimated value at $1,032,684. Based on how the local market is moving, a list price between $1,088,000 and $1,111,000 would position this home well. This pricing would rank the home as the 2nd least expensive of 4 comparable homes on the market in HILLS LAKEWAY's current inventory. The larger floor plan (546 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (0.22 acres versus the area average of 0.25) contributes to the valuation. There are currently 4 similar homes on the market in HILLS LAKEWAY, ranging from $920,000 to $1,449,990. The 6 month price trend in HILLS LAKEWAY: fallen 8.5%. The best comp here is 2 Dovedale CV, The Hills TX 78738 at an adjusted value of $1,065,929, with a pool. The comp data here (3 sales in HILLS LAKEWAY) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus
