The market data from 7 similar recent sales in 78641 points to a value of approximately $739,216. To sell within a reasonable timeframe at fair market value, the $628,000 to $638,000 range is where I'd position this. In the current 78641 market with 4 similar homes available, this price represents the most expensive of 4 comparable homes on the market. This home's smaller footprint (1,572 sqft vs the comp average) plays a role in how the market prices it. The 2005 construction puts this home 16 years newer than the comp average, a factor in the pricing. The active market in 78641 includes 4 comparable homes priced from $599,000 to $1,100,000. In 78641, home values have fallen approximately 3.8% over the past 6 months. One of the strongest data points is 14814 Arrowhead DR, Leander TX 78641, adjusting to $506,940; with a larger floor plan. 7 comparable transactions in 78641 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group