After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $648,356. Pricing this home between $737,000 and $755,000 would put it in the competitive sweet spot for ONION CREEK. This would position the home competitively among 3 active listings in ONION CREEK. This home's larger footprint (503 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.19 acres versus the area average of 0.24) contributes to the valuation. Right now, 3 similar properties are competing for buyers in ONION CREEK, listed between $639,500 and $789,000. Market data shows ONION CREEK prices fallen 18.1% over the last half year. The closest comparable sale, 10609 River Plantation DR, Austin TX 78747 at an adjusted $591,916, is with a smaller floor plan. With 7 comparable sales in ONION CREEK, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group