Taking into account 7 nearby comparable sales, this property's estimated value comes to $698,785. If we were to list this property today, I'd recommend a list price in the $480,000 to $490,000 range. This would position the home competitively among 5 active listings in 78734. Lot size matters here: 0.42 acres versus 0.24 for the typical comp. Current inventory shows 5 comparable homes in 78734; a buyer's market based on recent absorption. The 6 month price trend in 78734: fallen 10.4%. The best comp here is 403 Rose Branch WAY, Austin TX 78738 at an adjusted value of $712,995, a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78734. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group