After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $216,887. Pricing this home between $213,000 and $221,000 would put it in the competitive sweet spot for 78750. Relative to what's currently available in 78750, this home would be the 3rd least expensive of 6 comparable homes on the market. This home's larger footprint (245 sqft vs the comp average) plays a role in how the market prices it. At 7 years older than typical comps, the 1981 build date influences the valuation. The active market in 78750 includes 6 comparable homes priced from $185,000 to $270,000. Market data shows 78750 prices risen 1.5% over the last half year. The closest comparable sale, 1028 Verbena DR # 1144, Austin TX 78750 at an adjusted $242,307, is with a smaller floor plan. The comp data here (7 sales in 78750) 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