Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $176,084. I'd recommend coming to market at $192,000 to $197,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in REFLECTIONS OF WALNUT CREEK, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. Being 164 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1996, this home is 12 years newer than the average comp, which is reflected in the adjustments. Right now, 3 similar properties are competing for buyers in REFLECTIONS OF WALNUT CREEK, listed between $144,900 and $210,000. The trend in 78758 shows prices have fallen 4.6% in the past 6 months. 11901 Swearingen DR # 4, Austin TX 78758 nearby adjusts to $186,130; a strong comparable. 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