Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $261,726. I'd recommend coming to market at $203,000 to $213,000 to strike the right balance between value and market velocity. In the current VICTORIA GLEN market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. Built in 2006, this home is 5 years newer than the average comp, which is reflected in the adjustments. The 0.09 acre lot (smaller than the 0.12 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in VICTORIA GLEN, listed between $184,900 and $309,999. The trend in 78753 shows prices have fallen 1.9% in the past 6 months. 12295 Abbey Glen LN, Austin TX 78753 nearby adjusts to $279,697; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group