Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $614,154. I'd recommend coming to market at $628,000 to $644,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd least expensive of 5 comparable homes on the market comparable homes currently on the market in AVERY RANCH WEST. At 103 sqft larger than the typical comp, the size difference factors into the valuation. Right now, 5 similar properties are competing for buyers in AVERY RANCH WEST, listed between $575,000 and $725,000. The trend in AVERY RANCH WEST shows prices have risen 3.7% in the past 6 months. 14520 Ballimamore DR, Austin TX 78717 nearby adjusts to $592,405; 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