Reviewing the most recent comparable transactions, this home's market value falls around $647,491. For a well positioned listing in NORTHVIEW HILLS, I'd target the $689,000 to $710,000 range. With 7 comparable homes on the market in NORTHVIEW HILLS, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The 1972 construction puts this home 7 years older than the comp average, a factor in the pricing. At 0.25 acres, the lot is larger than the 0.20 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in NORTHVIEW HILLS; a balanced market based on recent absorption. Recent trends in 78759 show home values have risen 5.3% since 6 months ago. The most comparable recent sale is 8103 Pilgrims PL, Austin TX 78759, with an adjusted value of $655,856; with a smaller floor plan. 3 comparable transactions in NORTHVIEW HILLS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
