Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $441,051. I'd recommend coming to market at $283,000 to $293,000 to strike the right balance between value and market velocity. In the current ONION CREEK market with 2 similar homes available, this price represents the most expensive of 2 comparable homes on the market. At 1,558 sqft smaller than the typical comp, the size difference factors into the valuation. The 0.09 acre lot (smaller than the 0.25 acre average) is reflected in the estimate. Buyers in ONION CREEK have 2 comparable options right now, with asking prices between $274,990 and $315,000. The trend in ONION CREEK shows prices have fallen 18.1% in the past 6 months. 10208 La Costa DR, Austin TX 78747 nearby adjusts to $435,320; with a larger floor plan. Based on 7 relevant data points in ONION CREEK, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX