The market data from 5 similar recent sales in GREENS points to a value of approximately $256,666. To sell within a reasonable timeframe at fair market value, the $288,000 to $290,000 range is where I'd position this. Against 5 similar active listings in GREENS, this price point lands at the 2nd least expensive of 5 comparable homes on the market. At 115 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.05 acres, the lot is smaller than the 0.13 acre comp average, which factors into pricing. Buyers in GREENS have 5 comparable options right now, with asking prices between $259,900 and $330,000. In 78717, home values have fallen approximately 3% over the past 6 months. One of the strongest data points is 14815 Avery Ranch BLVD # 1802, Austin TX 78717, adjusting to $214,859; a strong comparable. The 5 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
