Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,056,122. To generate strong buyer interest while maximizing value, I'd price this between $1,035,000 and $1,077,000. With 7 comparable homes on the market in BOULDIN JAMES, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. This home's smaller footprint (144 sqft vs the comp average) plays a role in how the market prices it. At 0.38 acres, the lot is larger than the 0.12 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in BOULDIN JAMES, listed between $535,000 and $1,295,000. The trend in BOULDIN JAMES shows prices have fallen 53.1% in the past 6 months. 900 S 2nd ST # 23, Austin TX 78704 nearby adjusts to $914,273; a strong comparable. The 7 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