Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,890,056. I'd recommend coming to market at $1,298,000 to $1,308,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in MOELLER KARL H TWNHS. Built in 1986, this home is 7 years older than the average comp, which is reflected in the adjustments. There are currently 7 similar homes on the market in MOELLER KARL H TWNHS, ranging from $1,375,000 to $2,495,000. The trend in 78703 shows prices have fallen 6.9% in the past 6 months. 2301 Horn LN, Austin TX 78703 nearby adjusts to $1,749,387; with a larger floor plan. 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