Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $683,921. To generate strong buyer interest while maximizing value, I'd price this between $440,000 and $450,000. With 7 comparable homes on the market in M S, this price positions the property as the 4th most expensive of 7 comparable homes on the market. The 1972 construction puts this home 6 years older than the comp average, a factor in the pricing. At 0.06 acres, the lot is smaller than the 0.15 acre comp average, which factors into pricing. With 7 similar homes currently listed in M S (a buyer's market), competition is a factor to consider. The trend in 78704 shows prices have risen 0.7% in the past 6 months. 2306 Arpdale ST # A, Austin TX 78704 nearby adjusts to $612,754; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group