Based on what similar homes have actually sold for within a mile, I'd place this property's value at $332,763. I'd recommend coming to market at $262,000 to $272,000 to strike the right balance between value and market velocity. In the current VILLAGE ANDERSON MILL market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. The smaller floor plan (124 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.00 acre lot (smaller than the 0.21 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in VILLAGE ANDERSON MILL, listed between $265,000 and $429,999. The trend in VILLAGE ANDERSON MILL shows prices have risen 6.3% in the past 6 months. 11535 Sandy Loam TRL, Austin TX 78750 nearby adjusts to $341,994; a strong comparable. With 7 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