After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $236,735. Pricing this home between $262,000 and $274,000 would put it in the competitive sweet spot for CREEK BEND SOUTH. Buyers shopping in CREEK BEND SOUTH right now would see this as a well positioned option among 5 comparable homes. At 175 sqft smaller than the typical comp, the size difference factors into the valuation. At 17 years older than typical comps, the 1973 build date influences the valuation. With 5 similar homes currently listed in CREEK BEND SOUTH (a buyer's market), competition is a factor to consider. Market data shows 78744 prices fallen 6.3% over the last half year. The closest comparable sale, 4616 Borage DR, Austin TX 78744 at an adjusted $228,380, is a strong comparable. The comp data here (7 sales in CREEK BEND SOUTH) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus