Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $489,948. To generate strong buyer interest while maximizing value, I'd price this between $410,000 and $420,000. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in SCOFIELD FARMS. At 0.22 acres, the lot is larger than the 0.19 acre comp average, which factors into pricing. 3 similar homes are currently available in SCOFIELD FARMS, creating a balanced market for this price range. The trend in SCOFIELD FARMS shows prices have fallen 13% in the past 6 months. 2328 Rodeo DR, Austin TX 78727 nearby adjusts to $456,524; with a smaller floor plan. 7 comparable transactions in SCOFIELD FARMS 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