Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $310,710. To generate strong buyer interest while maximizing value, I'd price this between $357,000 and $360,000. In the current MANCHACA ESTATES market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. The 1950 construction puts this home 26 years older than the comp average, a factor in the pricing. At 0.40 acres, the lot is larger than the 0.32 acre comp average, which factors into pricing. The active market in MANCHACA ESTATES includes 7 comparable homes priced from $300,000 to $545,000. The trend in 78745 shows prices have risen 0% in the past 6 months. 1903 Keilbar LN, Austin TX 78745 nearby adjusts to $230,298; 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