Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $938,195. I'd recommend coming to market at $974,000 to $988,000 to strike the right balance between value and market velocity. Among the similar homes currently available in HIGHLANDS OAK FOREST, this price point stands out as competitive. The larger floor plan (469 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.22 acre lot (smaller than the 0.28 acre average) is reflected in the estimate. With 4 similar homes currently listed in HIGHLANDS OAK FOREST (a seller's market), competition is a factor to consider. The trend in HIGHLANDS OAK FOREST shows prices have risen 3.7% in the past 6 months. 6529 Heron DR, Austin TX 78759 nearby adjusts to $974,324; with a smaller 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