Based on what similar homes have actually sold for within a mile, I'd place this property's value at $322,203. I'd recommend coming to market at $313,000 to $332,000 to strike the right balance between value and market velocity. Against 2 similar active listings in EDINBURGH GARDENS, this price point lands at the most affordable of 2 comparable homes on the market. Built in 2006, this home is 5 years older than the average comp, which is reflected in the adjustments. The 0.18 acre lot (larger than the 0.13 acre average) is reflected in the estimate. Right now, 2 similar properties are competing for buyers in EDINBURGH GARDENS, listed between $310,000 and $350,000. The trend in 78754 shows prices have fallen 5.7% in the past 6 months. 12400 Tay TER, Austin TX 78754 nearby adjusts to $315,900; a strong comparable. With 3 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