Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $239,678. I'd recommend coming to market at $255,000 to $277,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd least expensive of 7 comparable homes on the market comparable homes currently on the market in 78758. Being 525 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1980, this home is 13 years older than the average comp, which is reflected in the adjustments. There are currently 7 similar homes on the market in 78758, ranging from $189,999 to $359,900. The trend in 78758 shows prices have fallen 3.7% in the past 6 months. 911 Tayside DR, Pflugerville TX 78660 nearby adjusts to $193,092; a strong comparable. With 4 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