Based on what similar homes have actually sold for within a mile, I'd place this property's value at $448,531. I'd recommend coming to market at $440,000 to $458,000 to strike the right balance between value and market velocity. With 5 comparable homes on the market in 1213 DELSIE DRIVE CONDO, this price positions the property as the 3rd most expensive of 5 comparable homes on the market. The 147 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 2004, this home is 11 years older than the average comp, which is reflected in the adjustments. 5 similar homes are currently available in 1213 DELSIE DRIVE CONDO, creating a buyer's market for this price range. The trend in 78734 shows prices have risen 10.4% in the past 6 months. 15303 Origins LN, Austin TX 78734 nearby adjusts to $385,402; with a larger floor plan. Based on 6 relevant data points in 1213 DELSIE DRIVE CONDO, 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
