Based on what similar homes have actually sold for within a mile, I'd place this property's value at $735,820. I'd recommend coming to market at $575,000 to $585,000 to strike the right balance between value and market velocity. In the current CHAMPIONS FOREST market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. Built in 1984, this home is 6 years newer than the average comp, which is reflected in the adjustments. There are currently 7 similar homes on the market in CHAMPIONS FOREST, ranging from $519,900 to $814,900. The trend in 78727 shows prices have fallen 8.5% in the past 6 months. 4413 Malaga DR, Austin TX 78759 nearby adjusts to $741,641; with a larger floor plan. Based on 7 relevant data points in CHAMPIONS FOREST, 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