After reviewing 7 recent transactions in HORNSBY GLEN, I estimate this property's value at $275,204. A competitive list price for this home right now would fall in the $281,000 to $284,000 range. Relative to what's currently available in HORNSBY GLEN, this home would be the most expensive of 2 comparable homes on the market. At 6 years older than typical comps, the 2009 build date influences the valuation. With 2 similar homes currently listed in HORNSBY GLEN (a buyer's market), competition is a factor to consider. Prices in 78725 have fallen 4.5% over the last 6 months. A similar home at 11928 Aitne LN, Austin TX 78725 carries an adjusted comparable value of $255,298, providing a strong data point. With 7 comparable sales in HORNSBY GLEN, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
