Based on what similar homes have actually sold for within a mile, I'd place this property's value at $611,182. I'd recommend coming to market at $722,000 to $760,000 to strike the right balance between value and market velocity. Against 4 similar active listings in 78756, this price point lands at the most affordable of 4 comparable homes on the market. The 0.00 acre lot (smaller than the 0.21 acre average) is reflected in the estimate. Buyers in 78756 have 4 comparable options right now, with asking prices between $740,000 and $995,000. The trend in 78756 shows prices have fallen 9.7% in the past 6 months. 924 Sugaree Ave, Austin TX 78757 nearby adjusts to $552,768; 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