The comparable sales data (6 recent transactions in CYPRESS ACRES A-D) supports an estimated value of $1,086,336. The data suggests a list price between $677,000 and $687,000 would attract qualified buyers without leaving money on the table. Buyers shopping in CYPRESS ACRES A-D right now would see this as a well positioned option among 7 comparable homes. Lot size matters here: 1.09 acres versus 1.03 for the typical comp. The active market in CYPRESS ACRES A-D includes 7 comparable homes priced from $639,000 to $1,550,000. Prices in 78641 have fallen 2.3% over the last 6 months. A similar home at 14203 FM 2769, Leander TX 78641 carries an adjusted comparable value of $869,068, providing a strong data point. The strength of this estimate comes from 6 directly comparable sales in CYPRESS ACRES A-D. 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