The market data from 3 similar recent sales in EL RANCHO points to a value of approximately $714,205. To sell within a reasonable timeframe at fair market value, the $776,000 to $792,000 range is where I'd position this. Among the similar homes currently available in EL RANCHO, this price point stands out as competitive. Being 187 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 2012 construction puts this home 5 years newer than the comp average, a factor in the pricing. Current inventory shows 4 comparable homes in EL RANCHO; a buyer's market based on recent absorption. In 78704, home values have fallen approximately 4.1% over the past 6 months. One of the strongest data points is 2520 Bluebonnet LN # 21, Austin TX 78704, adjusting to $618,526; with a larger floor plan. The 3 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