12011 Polk RD, Austin TX 78748

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $313,725. To generate strong buyer interest while maximizing value, I'd price this between $236,000 and $246,000. In the current 78748 market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. The 1930 construction puts this home 76 years older than the comp average, a factor in the pricing. At 3.26 acres, the lot is larger than the 0.18 acre comp average, which factors into pricing. The active market in 78748 includes 7 comparable homes priced from $249,999 to $350,000. The trend in 78748 shows prices have fallen 3% in the past 6 months. 12805 Bob Johnson LN, Manchaca TX 78652 nearby adjusts to $343,668; a strong comparable. The 7 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