Reviewing the most recent comparable transactions, this home's market value falls around $494,753. For a well positioned listing in STEINER RANCH, I'd target the $510,000 to $517,000 range. Against 3 similar active listings in STEINER RANCH, this price point lands at the most affordable of 3 comparable homes on the market. The 1989 construction puts this home 8 years older than the comp average, a factor in the pricing. At 0.14 acres, the lot is smaller than the 0.17 acre comp average, which factors into pricing. 3 similar homes are currently available in STEINER RANCH, creating a balanced market for this price range. Recent trends in STEINER RANCH show home values have risen 7% since 6 months ago. The most comparable recent sale is 3918 Canyon Glen Circle CIR, Austin TX 78732, with an adjusted value of $483,050; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group