The market data from 3 similar recent sales in NORTH PARK ESTATES points to a value of approximately $404,298. To sell within a reasonable timeframe at fair market value, the $471,000 to $474,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 6 comparable homes on the market comparable homes currently on the market in NORTH PARK ESTATES. At 128 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.35 acres, the lot is larger than the 0.31 acre comp average, which factors into pricing. The active market in NORTH PARK ESTATES includes 6 comparable homes priced from $350,000 to $630,000. In NORTH PARK ESTATES, home values have risen approximately 10.9% over the past 6 months. One of the strongest data points is 11600 Eubank DR, Austin TX 78758, adjusting to $432,939; with a larger floor plan. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group