The comparable sales data (7 recent transactions in FALCONHEAD) supports an estimated value of $715,406. The data suggests a list price between $800,000 and $802,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in FALCONHEAD, this home would be the 2nd least expensive of 7 comparable homes on the market. This home's larger footprint (324 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 0.18 acres versus 0.21 for the typical comp. There are currently 7 similar homes on the market in FALCONHEAD, ranging from $699,000 to $1,049,000. Prices in FALCONHEAD have fallen 10.6% over the last 6 months. A similar home at 16024 Zagros WAY, Austin TX 78738 carries an adjusted comparable value of $749,443, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in FALCONHEAD. 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