Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,856,969. To generate strong buyer interest while maximizing value, I'd price this between $2,247,000 and $2,355,000. Against 6 similar active listings in SUN TERRACE, this price point lands at the 2nd least expensive of 6 comparable homes on the market. The larger floor plan (126 sqft compared to the average comp) is a meaningful differentiator in this price range. Current inventory shows 6 comparable homes in SUN TERRACE; a buyer's market based on recent absorption. The trend in 78704 shows prices have fallen 6% in the past 6 months. 2024 Ford ST, Austin TX 78704 nearby adjusts to $2,447,911; with a smaller floor plan and a pool. 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