Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $676,692. To generate strong buyer interest while maximizing value, I'd price this between $492,000 and $502,000. With 3 comparable homes on the market in CHERNOSKY, this price positions the property as the most expensive of 3 comparable homes on the market. The larger floor plan (369 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2015 construction puts this home 20 years newer than the comp average, a factor in the pricing. Buyers in CHERNOSKY have 3 comparable options right now, with asking prices between $474,400 and $799,000. The trend in CHERNOSKY shows prices have fallen 23.9% in the past 6 months. 1406 Cometa ST # 1, Austin TX 78721 nearby adjusts to $661,711; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
