Based on what similar homes have actually sold for within a mile, I'd place this property's value at $561,480. I'd recommend coming to market at $456,000 to $466,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in INDEPENDENCE PARK CONDO. Built in 2007, this home is 5 years older than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in INDEPENDENCE PARK CONDO (a buyer's market), competition is a factor to consider. The trend in 78745 shows prices have risen 2.2% in the past 6 months. 6004 Whipple WAY, Austin TX 78745 nearby adjusts to $590,104; with a smaller floor plan. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group