Reviewing the most recent comparable transactions, this home's market value falls around $361,430. For a well positioned listing in UNIVERSITY HILLS, I'd target the $238,000 to $248,000 range. In the current UNIVERSITY HILLS market with 5 similar homes available, this price represents the 2nd least expensive of 5 comparable homes on the market. The 1959 construction puts this home 5 years older than the comp average, a factor in the pricing. The active market in UNIVERSITY HILLS includes 5 comparable homes priced from $245,000 to $579,900. Recent trends in UNIVERSITY HILLS show home values have risen 14.8% since 6 months ago. The most comparable recent sale is 6806 Syracuse CV, Austin TX 78723, with an adjusted value of $461,554; a strong comparable. 4 comparable transactions in UNIVERSITY HILLS 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