Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $411,996. To generate strong buyer interest while maximizing value, I'd price this between $280,000 and $290,000. Against 7 similar active listings in RANCHO ALTO, this price point lands at the most expensive of 7 comparable homes on the market. At 102 sqft larger than the typical comp, the size difference factors into the valuation. Right now, 7 similar properties are competing for buyers in RANCHO ALTO, listed between $280,000 and $499,900. The trend in RANCHO ALTO shows prices have fallen 8.1% in the past 6 months. 2112 O'Callahan DR, Austin TX 78748 nearby adjusts to $457,506; with a smaller floor plan. 7 comparable transactions in RANCHO ALTO 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