Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,141,127. To generate strong buyer interest while maximizing value, I'd price this between $997,000 and $1,007,000. With 5 comparable homes on the market in TIN LAKE HILLS, this price positions the property as the most expensive of 5 comparable homes on the market. The smaller floor plan (136 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.56 acres, the lot is larger than the 0.39 acre comp average, which factors into pricing. There are currently 5 similar homes on the market in TIN LAKE HILLS, ranging from $1,050,000 to $1,150,000. The trend in TIN LAKE HILLS shows prices have fallen 22.7% in the past 6 months. 1305 Village West DR, Austin TX 78733 nearby adjusts to $943,203; with a larger floor plan. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
