The comparable sales data (7 recent transactions in RANCHO ALTO) supports an estimated value of $399,840. The data suggests a list price between $304,000 and $314,000 would attract qualified buyers without leaving money on the table. This home's position in the current RANCHO ALTO market: the most expensive of 7 comparable homes on the market among comparable properties. This home's larger footprint (109 sqft vs the comp average) plays a role in how the market prices it. Right now, 7 similar properties are competing for buyers in RANCHO ALTO, listed between $315,000 and $439,000. Prices in 78748 have fallen 4.7% over the last 6 months. A similar home at 2112 O'Callahan DR, Austin TX 78748 carries an adjusted comparable value of $445,758, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in RANCHO ALTO. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group