Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,713,081. To generate strong buyer interest while maximizing value, I'd price this between $2,183,000 and $2,313,000. Against 7 similar active listings in SUN TERRACE, this price point lands at the 2nd least expensive of 7 comparable homes on the market. Current inventory shows 7 comparable homes in SUN TERRACE; a buyer's market based on recent absorption. The trend in 78704 shows prices have fallen 2.8% in the past 6 months. 1804 Ann Arbor Ave, Austin TX 78704 nearby adjusts to $1,793,004; a strong comparable. 7 comparable transactions in SUN TERRACE 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