Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $598,502. I'd recommend coming to market at $478,000 to $488,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in MISTING FALLS NORTH, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. At 196 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1999, this home is 8 years newer than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in MISTING FALLS NORTH, listed between $499,000 and $1,349,000. The trend in 78759 shows prices have risen 13.9% in the past 6 months. 10902 Sierra Oaks, Austin TX 78759 nearby adjusts to $607,926; with a larger floor plan. With 3 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
