My analysis of 3 comparable properties puts this home's estimated value at $1,526,317. Based on how the local market is moving, a list price between $852,000 and $862,000 would position this home well. This pricing would rank the home as the 4th most expensive of 7 comparable homes on the market in MONTE VISTA's current inventory. At 6 years newer than typical comps, the 1970 build date influences the valuation. Current inventory shows 7 comparable homes in MONTE VISTA; a buyer's market based on recent absorption. The 6 month price trend in 78703: fallen 9.3%. The best comp here is 2620 Pecos ST, Austin TX 78703 at an adjusted value of $1,207,629, a strong comparable. The comp data here (3 sales in MONTE VISTA) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus