Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,527,410. I'd recommend coming to market at $1,645,000 to $1,670,000 to strike the right balance between value and market velocity. With 0 comparable homes on the market in HIGH ROAD VIEW, this price positions the property as no active comparable homes on the market. The larger floor plan (132 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1968, this home is 20 years older than the average comp, which is reflected in the adjustments. The trend in 78746 shows prices have risen 2.6% in the past 6 months. 419 Brady LN, Austin TX 78746 nearby adjusts to $1,670,306; with a smaller floor plan. 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