Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $428,594. I'd recommend coming to market at $448,000 to $456,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in PIONEER CROSSING EAST, this price positions the property as the most expensive of 3 comparable homes on the market. At 659 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2005, this home is 10 years older than the average comp, which is reflected in the adjustments. Right now, 3 similar properties are competing for buyers in PIONEER CROSSING EAST, listed between $389,900 and $525,000. The trend in PIONEER CROSSING EAST shows prices have fallen 19.9% in the past 6 months. 10916 Furrow Hill DR, Austin TX 78754 nearby adjusts to $367,200; with a smaller floor plan. Based on 4 relevant data points in PIONEER CROSSING EAST, 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
