Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $367,665. I'd recommend coming to market at $256,000 to $266,000 to strike the right balance between value and market velocity. In the current OLYMPIC HEIGHTS market with 5 similar homes available, this price represents the 3rd most expensive of 5 comparable homes on the market. 5 similar homes are currently available in OLYMPIC HEIGHTS, creating a balanced market for this price range. The trend in OLYMPIC HEIGHTS shows prices have fallen 1.7% in the past 6 months. 11609 James B Connolly LN, Austin TX 78748 nearby adjusts to $354,967; with a larger floor plan. 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