12007 Bell Ave, Austin TX 78727

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $718,972. I'd recommend coming to market at $466,000 to $476,000 to strike the right balance between value and market velocity. In the current SUMMIT OAKS market with 4 similar homes available, this price represents the most expensive of 4 comparable homes on the market. At 234 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1960, this home is 10 years older than the average comp, which is reflected in the adjustments. The active market in SUMMIT OAKS includes 4 comparable homes priced from $449,000 to $725,000. The trend in 78727 shows prices have fallen 8% in the past 6 months. 11801 Bell Ave, Austin TX 78759 nearby adjusts to $668,713; with a smaller floor plan. Based on 6 relevant data points in SUMMIT OAKS, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX