Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,167,257. To generate strong buyer interest while maximizing value, I'd price this between $479,000 and $489,000. Among the similar homes currently available in SHERWOOD FOREST, this price point stands out as competitive. At 0.19 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. With 7 similar homes currently listed in SHERWOOD FOREST (a buyer's market), competition is a factor to consider. The trend in 78703 shows prices have fallen 9.7% in the past 6 months. 3311 Bonnie RD, Austin TX 78703 nearby adjusts to $1,268,014; a strong comparable. 3 comparable transactions in SHERWOOD FOREST support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group