ALEX · Alexander Tiffany Southwest, LLC – ALEX Companies

321 Angus Drive

Cedar Park, TX 78613 – Ranch At Brushy Creek
MLS # 5877261
Prepared for —
Prepared by Diane Hart Alexander
Supplement A · The ALEX Model
Version 14.522
Thursday, October 29, 2026 · 1:49 PM CDT
Privileged & Confidential For use by ALEX Agents and Clients only. Sharing this report or its information with any third party without ALEX’s express written consent is prohibited and subjects the disclosing party to legal action. ALEX Model · Patent Pending

The ALEX Model is unique in both comparable selection and precision valuation.

Summary

The ALEX Model againstOtherALEXDifference
Austin MLS CMA variables used134532 more
Standard Arithmetic Model$1,007,050$1,055,956ALEX $48,906 higher (4.9%)
Zillow Zestimate$1,141,000$1,055,956ALEX $85,044 lower
WCAD market value, 2026$957,600$1,055,956ALEX $98,356 higher
ALEX Confidence Level, this valuation90.5%Very High

Step 1 · Comparable sale selection

StageWhat it keepsSales left
1.1Closed sales in the market area that are fair evidenceBank-owned, short, auction, HUD, corporate and probate sales, fair or poor condition and flood-zone sales are excluded.50
1.2In this home's subdivision25
1.3Same school districtRemoved 3. Checked against the official district map.22
1.4Same elementary schoolChecked against the official attendance-zone map. MLS corrected: 321 Angus (MLS Patsy Sommer, map Sommer); 204 Broken Arrow (MLS Patsy Sommer, map Sommer); 305 Stiles (MLS Patsy Sommer, map Sommer); 401 Bluff View (MLS Patsy Sommer, map Sommer); 301 Raging River (MLS Patsy Sommer, map Sommer); 401 Bluff Point (MLS Patsy Sommer, map Sommer).22
1.5The same kind of homeRemoved: stories 1, sale-to-list 1.20
1.6Searched: Ranch at Brushy Creek, all phases and sectionsThis home's subdivision only, sales back to August 2022 when needed.16
1.7Within 25% of this home's size, sold in the last 11 months6

Step 2 · Similarity

Each sale is measured against this home on seven measures together. Sales close enough on all seven are used, and the closer a sale, the more it counts (3.10).

StageWhat it keepsSales left
2.1Measure of similarity – Living area (log scale) · counts in 3.10 Weight (similarity)
2.2Measure of similarity – Year built · counts in 3.10 Weight (similarity)
2.3Measure of similarity – Lot size (log scale) · counts in 3.10 Weight (similarity)
2.4Measure of similarity – Distance from this home (miles) · counts in 3.10 Weight (proximity)
2.5Measure of similarity – Months since the sale · counts in 3.10 Weight (recency)
2.6Measure of similarity – Bedrooms · counts in 3.10 Weight (similarity)
2.7Measure of similarity – Bathrooms · counts in 3.10 Weight (similarity)Sales close enough on all seven measures together.5
2.8Comparable sales used5

Step 3 · Valuation

204 Broken Arrow, the sale that counts most, stage by stage. Every sale goes through the same stages; each one’s figures are in Detailed comparable sale valuations.

StageWhat it doesChangeValue
3.1Closed priceWhat the sale closed for, as recorded in the MLS$1,015,000
3.2Buyer closing costs paid by sellerThe sale price less the buyer’s closing costs the seller paid, as recorded in the MLS−$2,000$1,013,000
3.3Buyer required repairs paid by sellerLess the repairs the seller paid at the buyer’s request, as recorded in the MLSnone$1,013,000
3.4Time adjustmentBrought to today with ALEX’s index−$43,374$969,626
3.5ALEX Model ChangesEach difference from this home — bathrooms, garage, lot size, view, age and the rest — priced at what ABOR closed sales in the same price range show the market pays+$37,632$1,007,258
3.6ALEX Agent ChangesAny ALEX line the agent revised, at the agent’s figurenone$1,007,258
3.7Additional Agent ChangesAny line the agent addednone$1,007,258
3.8SF adjustmentThe adjusted price per SF times this home’s SF−$83,565$923,693
3.9Size correctionLarger homes sell for less per SF, as measured on the market+$43,639$967,332
Value from this sale$967,332
3.10WeightHow much this sale counts in the ALEX Model valuation. Sales most like the home count for more, whether ALEX or the agent selected them. How closely it matches on the Step 2 measures, 100% = identical: proximity 100%, similarity 85%, recency 94%28.0%
3.11ALEX valuationThe weighted average of the sales, with the lowest, median and highest beside it$1,055,956

Variables used: ALEX Model and Austin MLS CMA

10 13 Austin MLS CMA 17 9 7 7 45 ALEX Model WHAT IS COUNTED CMA ALEX Comparable sale selection rules (Step 1) – 7 Measures of similarity (Step 2) – 7 Time adjustment (3.4) – 1 Feature lines the agent prices (3.5) – 9 Feature adjustments (3.5) 10 17 Transactional adjustments (3.2–3.3) 2 2 Size adjustments (3.8–3.9) 1 2 Total 13 45

The ALEX Model uses 45 variables in this valuation, 32 more than the 13 adjustments in the Austin MLS CMA, which leaves the choice of sales to the realtor and makes no time adjustment. The CMA counts Subdivision among its 10 features; the ALEX Model uses it to choose the sales (1.2). Every ALEX feature adjustment is priced at what ABOR closed sales show the market pays. Each variable counts once in each step it is used in. 13 of the feature adjustments changed at least one sale’s value here. 16 more feature lines were tested on ABOR sales in this price range, showed no measurable price difference, carry $0 and are not counted. Lines an agent adds (3.6–3.7) are not counted.

How the two models differ

Standard Arithmetic Model
$271.15 × 3,714 SF = $1,007,050
Unweighted
#1204 Broken Arrow Dr20.0%$930,793
#2305 Stiles Cv20.0%$970,218
#3401 Bluff View Rd20.0%$1,044,350
#4301 Raging River Rd20.0%$1,161,389
#5401 Bluff Point Bnd20.0%$928,500
ALEX Model
Range of weighted values of five sales = $967,332 – $1,216,443
Weighted
#1204 Broken Arrow Dr28.0%$967,332
#2305 Stiles Cv26.8%$1,066,701
#3401 Bluff View Rd17.2%$1,045,142
#4301 Raging River Rd14.0%$1,216,443
#5401 Bluff Point Bnd14.0%$1,065,433

Two models, the same sales

LowestAverageMedianHighest
ALEX Model$967,332$1,055,956$1,065,433$1,216,443
Standard Arithmetic Model$928,500$1,007,050$970,218$1,161,389

The Standard Arithmetic Model is each sale’s price per SF times this home’s 3,714 SF, every sale counted equally, nothing adjusted. The ALEX Model nets out seller concessions, brings each sale to today, adjusts it for every measured difference, corrects for size and weights it by how closely it matches. Here the ALEX Model is $48,906 (4.9%) higher.

How accurate it is

ALEX Confidence Level, this valuationVery High (90.5%)
Forecast standard deviation, this valuation9.5%

This valuation: 5 of its comparable sales, each valued from the others. Confidence level is 100% minus the forecast standard deviation; very high at a confidence level of 90% or above; high at 70% to 89%.

Bringing each sale to today

SaleSoldMarket sinceAdjustment
204 Broken Arrow06/26-4.3%−$43,374
305 Stiles08/26-1.9%−$18,979
401 Bluff View10/26+0.0%—
301 Raging River03/26-3.3%−$47,416
401 Bluff Point12/25-2.1%−$23,942

ALEX’s index, blended toward the Austin area where county sales are thin: built from homes that sold more than once, so a change in what sold does not read as a change in prices.

Other estimates of this home

SourceEstimatevs ALEX
ALEX valuation$1,055,956—
Zillow Zestimate$1,141,000+8.1%
WCAD market value, 2026$957,600-9.3%

Automated estimates use public records and broad statistics; they do not see this home’s comparable sales or their concessions. A county value is set for taxes as of January 1.

This is a comparable-sales opinion of value. It is not a certified appraisal and not a mortgage or lending document. Sale prices are net of seller-paid closing costs and buyer-requested repairs, adjusted to today with ALEX’s index. Sale and listing data: ABOR MLS via secure APIs, as of October 29, 2026, 1:45 PM CDT. Tax values: the county appraisal district where available. ALEX Companies · Licensed by the Texas Real Estate Commission · Broker: Alexander Tiffany Southwest, LLC, #565194-BB · Diane Hart Alexander, Designated Broker, #574877-B.