Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $429,390. I'd recommend coming to market at $439,000 to $440,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd most expensive of 5 comparable homes on the market comparable homes currently on the market in OLYMPIC HEIGHTS. The 195 sqft size difference versus comparable sales is reflected in the adjusted values. 5 similar homes are currently available in OLYMPIC HEIGHTS, creating a buyer's market for this price range. The trend in OLYMPIC HEIGHTS shows prices have fallen 4.8% in the past 6 months. 2010 Wilma Rudolph RD, Austin TX 78748 nearby adjusts to $412,131; a strong comparable. With 7 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