The market data from 7 similar recent sales in DIVISION points to a value of approximately $1,065,640. To sell within a reasonable timeframe at fair market value, the $419,000 to $429,000 range is where I'd position this. With 7 comparable homes on the market in DIVISION, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The 2015 construction puts this home 9 years newer than the comp average, a factor in the pricing. At 0.49 acres, the lot is larger than the 0.16 acre comp average, which factors into pricing. The active market in DIVISION includes 7 comparable homes priced from $375,000 to $1,200,000. In DIVISION, home values have risen approximately 66.1% over the past 6 months. One of the strongest data points is 1148 Gunter ST # B, Austin TX 78721, adjusting to $693,333; a strong comparable. 7 comparable transactions in DIVISION support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group