Based on what similar homes have actually sold for within a mile, I'd place this property's value at $900,885. I'd recommend coming to market at $1,023,000 to $1,080,000 to strike the right balance between value and market velocity. Among the similar homes currently available in 78738, this price point stands out as competitive. Being 168 sqft larger than the average comparable sale in this area impacts the per square foot value. 5 similar homes are currently available in 78738, creating a buyer's market for this price range. The trend in 78738 shows prices have fallen 4.5% in the past 6 months. 17 Borello DR # 17, Austin TX 78738 nearby adjusts to $825,219; with a smaller floor plan. With 5 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
