Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $677,243. To generate strong buyer interest while maximizing value, I'd price this between $701,000 and $800,000. In the current CRESTVIEW market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. This home's larger footprint (256 sqft vs the comp average) plays a role in how the market prices it. At 0.13 acres, the lot is smaller than the 0.17 acre comp average, which factors into pricing. With 3 similar homes currently listed in CRESTVIEW (a balanced market), competition is a factor to consider. The trend in CRESTVIEW shows prices have risen 19.5% in the past 6 months. 1505 Pasadena DR, Austin TX 78757 nearby adjusts to $800,066; with a smaller floor plan. The 4 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