Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $368,261. I'd recommend coming to market at $241,000 to $251,000 to strike the right balance between value and market velocity. Against 4 similar active listings in BRATTON HILL, this price point lands at the most expensive of 4 comparable homes on the market. Built in 1998, this home is 11 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 4 comparable homes in BRATTON HILL; based on recent absorption. The trend in BRATTON HILL shows prices have risen 8.4% in the past 6 months. 2209 Big Hollow DR, Austin TX 78728 nearby adjusts to $401,143; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group