Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $783,801. To generate strong buyer interest while maximizing value, I'd price this between $685,000 and $695,000. In the current 78704 market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. At 0.01 acres, the lot is smaller than the 0.09 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in 78704, listed between $675,000 and $1,320,000. The trend in 78704 shows prices have fallen 1.6% in the past 6 months. 1810 Village Oak CT, Austin TX 78704 nearby adjusts to $762,671; 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