Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $830,839. To generate strong buyer interest while maximizing value, I'd price this between $858,000 and $921,000. With 3 comparable homes on the market in PALOMINO PARK, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. Being 615 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1968 construction puts this home 5 years older than the comp average, a factor in the pricing. There are currently 3 similar homes on the market in PALOMINO PARK, ranging from $750,000 to $950,000. The trend in 78748 shows prices have fallen 4.7% in the past 6 months. 10111 Rocking Horse RD, Austin TX 78748 nearby adjusts to $952,670; with a smaller 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