After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $1,128,206. Pricing this home between $415,000 and $425,000 would put it in the competitive sweet spot for WESTLAKE PARK. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in WESTLAKE PARK's current inventory. At 288 sqft smaller than the typical comp, the size difference factors into the valuation. The larger lot (0.35 acres versus the area average of 0.26) contributes to the valuation. Current inventory shows 7 comparable homes in WESTLAKE PARK; a buyer's market based on recent absorption. Market data shows 78746 prices risen 4.8% over the last half year. The closest comparable sale, 5007 Rollingwood DR, Rollingwood TX 78746 at an adjusted $1,350,905, is with a larger floor plan. The comp data here (3 sales in WESTLAKE PARK) 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