Taking into account 7 nearby comparable sales, this property's estimated value comes to $302,791. If we were to list this property today, I'd recommend a list price in the $234,000 to $244,000 range. This pricing would rank the home as the most expensive of 3 comparable homes on the market in VILLAS's current inventory. This home's smaller footprint (129 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 0.10 acres versus 0.18 for the typical comp. 3 similar homes are currently available in VILLAS, creating a buyer's market for this price range. The 6 month price trend in VILLAS: fallen 53.4%. The best comp here is 2918 Ranch Road 620 N # 176, Austin TX 78734 at an adjusted value of $327,333, with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in VILLAS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group