The estimated value of this property is $398,946, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $391,000 and $407,000. In the current MOUNTAIN VIEW market with 4 similar homes available, this price represents the 2nd least expensive of 4 comparable homes on the market. The smaller floor plan (596 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2012, this home is 11 years newer than the average comp, which is reflected in the adjustments. 4 similar homes are currently available in MOUNTAIN VIEW, creating a buyer's market for this price range. Recent trends in 78734 show home values have risen 11.6% since 6 months ago. The most comparable recent sale is 14909 Oklahoma ST, Austin TX 78734, with an adjusted value of $500,322; with a larger floor plan. 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