The estimated value of this property is $317,170, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $173,000 and $183,000. In the current MOUNTAIN VIEW market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. The smaller floor plan (495 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2012, this home is 10 years newer than the average comp, which is reflected in the adjustments. 7 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 fallen 6% since 6 months ago. The most comparable recent sale is 15102 Iowa ST, Austin TX 78734, with an adjusted value of $201,231; 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