Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $553,819. I'd recommend coming to market at $585,000 to $604,000 to strike the right balance between value and market velocity. At this price, the property would be the 4th most expensive of 7 comparable homes on the market comparable homes currently on the market in SENDERA SOUTH. There are currently 7 similar homes on the market in SENDERA SOUTH, ranging from $505,000 to $625,000. The trend in SENDERA SOUTH shows prices have risen 13% in the past 6 months. 4824 Chesney Ridge DR, Austin TX 78749 nearby adjusts to $490,000; a strong comparable. With 7 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