Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,395,323. I'd recommend coming to market at $1,134,000 to $1,144,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78756. Built in 2006, this home is 14 years older than the average comp, which is reflected in the adjustments. The 0.17 acre lot (smaller than the 0.22 acre average) is reflected in the estimate. 7 similar homes are currently available in 78756, creating a balanced market for this price range. The trend in 78756 shows prices have fallen 9.7% in the past 6 months. 7103 Daugherty ST, Austin TX 78757 nearby adjusts to $1,120,789; with a pool. With 4 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
