Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $1,325,612. I'd recommend coming to market at $1,874,000 to $1,897,000 to strike the right balance between value and market velocity. Against 5 similar active listings in TIN LAKE HILLS, this price point lands at the most affordable of 5 comparable homes on the market. The larger floor plan (827 sqft compared to the average comp) is a meaningful differentiator in this price range. There are currently 5 similar homes on the market in TIN LAKE HILLS, ranging from $1,399,000 to $2,225,000. The trend in TIN LAKE HILLS shows prices have fallen 21.7% in the past 6 months. 1401 Bowie RD, Austin TX 78733 nearby adjusts to $1,233,698; with a smaller floor plan. Based on 5 relevant data points in TIN LAKE HILLS, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX
