Based on what similar homes have actually sold for within a mile, I'd place this property's value at $661,629. I'd recommend coming to market at $642,000 to $681,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd least expensive of 5 comparable homes on the market comparable homes currently on the market in PARK WEST CIRCLE. Built in 2003, this home is 5 years newer than the average comp, which is reflected in the adjustments. Right now, 5 similar properties are competing for buyers in PARK WEST CIRCLE, listed between $675,000 and $740,000. The trend in 78739 shows prices have risen 5% in the past 6 months. 5128 Bluestar DR, Austin TX 78739 nearby adjusts to $706,936; a strong comparable. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group