Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $570,527. I'd recommend coming to market at $553,000 to $588,000 to strike the right balance between value and market velocity. In the current WOODS COUNTRY CONDO AME market with 1 similar homes available, this price represents below the only comparable home currently on the market. The smaller floor plan (489 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1982, this home is 6 years newer than the average comp, which is reflected in the adjustments. Right now, 1 similar properties are competing for buyers in WOODS COUNTRY CONDO AME, listed between $494,000 and $494,000. The trend in 78735 shows prices have fallen 8.1% in the past 6 months. 4511 Cliffstone CV, Austin TX 78735 nearby adjusts to $660,889; with a larger floor plan. Based on 7 relevant data points in WOODS COUNTRY CONDO AME, 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
