Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $420,692. I'd recommend coming to market at $447,000 to $450,000 to strike the right balance between value and market velocity. Among the similar homes currently available in MILWOOD, this price point stands out as competitive. The 0.06 acre lot (smaller than the 0.15 acre average) is reflected in the estimate. Buyers in MILWOOD have 7 comparable options right now, with asking prices between $415,000 and $498,999. The trend in MILWOOD shows prices have risen 5.2% in the past 6 months. 12808 Marimba TRL, Austin TX 78729 nearby adjusts to $447,074; 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