The estimated value of this property is $438,946, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $426,000 and $452,000. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in LOCKHART HWY. The larger floor plan (1,071 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1959, this home is 36 years older than the average comp, which is reflected in the adjustments. Buyers in LOCKHART HWY have 1 comparable options right now, with asking prices between $544,900 and $544,900. Recent trends in 78744 show home values have risen 3.4% since 6 months ago. The most comparable recent sale is 4201 Gregg Ward LN, Austin TX 78744, with an adjusted value of $1,033,921; 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
