Based on what similar homes have actually sold for within a mile, I'd place this property's value at $387,367. I'd recommend coming to market at $429,000 to $463,000 to strike the right balance between value and market velocity. Against 7 similar active listings in 78728, this price point lands at the 2nd least expensive of 7 comparable homes on the market. The 0.00 acre lot (smaller than the 0.15 acre average) is reflected in the estimate. The active market in 78728 includes 7 comparable homes priced from $385,000 to $500,000. The trend in 78728 shows prices have fallen 3.3% in the past 6 months. 15620 Opal Fire DR, Austin TX 78728 nearby adjusts to $358,325; 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