Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $219,107. I'd recommend coming to market at $275,000 to $279,000 to strike the right balance between value and market velocity. Among the similar homes currently available in FOREST BLUFF, this price point stands out as competitive. The 0.21 acre lot (larger than the 0.16 acre average) is reflected in the estimate. Buyers in FOREST BLUFF have 7 comparable options right now, with asking prices between $237,000 and $299,990. The trend in FOREST BLUFF shows prices have fallen 11.6% in the past 6 months. 14410 Sandifer ST, Austin TX 78725 nearby adjusts to $200,737; a strong comparable. With 3 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