After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $177,042. Pricing this home between $206,000 and $211,000 would put it in the competitive sweet spot for DRY CREEK. Relative to what's currently available in DRY CREEK, this home would be the 2nd least expensive of 7 comparable homes on the market. At 6 years older than typical comps, the 1981 build date influences the valuation. The smaller lot (0.00 acres versus the area average of 0.11) contributes to the valuation. There are currently 7 similar homes on the market in DRY CREEK, ranging from $175,000 to $249,000. Market data shows 78731 prices fallen 15.3% over the last half year. The closest comparable sale, 6000 SHEPHERD MOUNTAIN CV # 107, Austin TX 78730 at an adjusted $174,430, is a strong comparable. With 7 comparable sales in DRY CREEK, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group