After adjusting 5 comparable sales for differences in size, age, and features, this home's estimated value is $589,177. Pricing this home between $572,000 and $607,000 would put it in the competitive sweet spot for BANISTER HEIGHTS. This pricing would rank the home as the 2nd most expensive of 3 comparable homes on the market in BANISTER HEIGHTS's current inventory. At 176 sqft smaller than the typical comp, the size difference factors into the valuation. At 8 years older than typical comps, the 2002 build date influences the valuation. The active market in BANISTER HEIGHTS includes 3 comparable homes priced from $549,999 to $650,000. Market data shows 78704 prices fallen 4.9% over the last half year. The closest comparable sale, 805 Sheraton Ave, Austin TX 78745 at an adjusted $446,699, is a strong comparable. With 5 comparable sales in BANISTER HEIGHTS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
