Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $626,783. I'd recommend coming to market at $608,000 to $646,000 to strike the right balance between value and market velocity. With 1 comparable homes on the market in TIN LAKE HILLS, this price positions the property as below the only comparable home currently on the market. This home's smaller footprint (969 sqft vs the comp average) plays a role in how the market prices it. Built in 1975, this home is 16 years older than the average comp, which is reflected in the adjustments. There are currently 1 similar homes on the market in TIN LAKE HILLS, ranging from $575,000 to $575,000. The trend in TIN LAKE HILLS shows prices have fallen 11.4% in the past 6 months. 1306 Daytona DR, Austin TX 78733 nearby adjusts to $529,562; with a larger floor plan. 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
