Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,148,051. I'd recommend coming to market at $1,114,000 to $1,182,000 to strike the right balance between value and market velocity. In the current EDWARDS MOUNTAIN market with 5 similar homes available, this price represents the most affordable of 5 comparable homes on the market. Being 271 sqft smaller than the average comparable sale in this area impacts the per square foot value. Buyers in EDWARDS MOUNTAIN have 5 comparable options right now, with asking prices between $1,149,000 and $2,070,000. The trend in 78731 shows prices have fallen 15.3% in the past 6 months. 6213 Ledge Mountain DR, Austin TX 78731 nearby adjusts to $1,009,172; with a larger floor plan. Based on 3 relevant data points in EDWARDS MOUNTAIN, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX