12220 Cottage Promenade CT, Austin TX 78753

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $384,122. I'd recommend coming to market at $404,000 to $428,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in 78753, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. This home's larger footprint (156 sqft vs the comp average) plays a role in how the market prices it. The 0.20 acre lot (larger than the 0.14 acre average) is reflected in the estimate. Right now, 3 similar properties are competing for buyers in 78753, listed between $309,000 and $495,000. The trend in 78753 shows prices have fallen 1.9% in the past 6 months. 12122 Cottage Promenade CT, Austin TX 78753 nearby adjusts to $428,475; a strong comparable. Based on 7 relevant data points in 78753, 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