Reviewing the most recent comparable transactions, this home's market value falls around $394,528. For a well positioned listing in SPRINGDALE, I'd target the $288,000 to $298,000 range. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in SPRINGDALE. At 0.18 acres, the lot is larger than the 0.14 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in SPRINGDALE, listed between $299,999 and $450,000. Recent trends in 78721 show home values have fallen 5% since 6 months ago. The most comparable recent sale is 4615 Munson ST, Austin TX 78721, with an adjusted value of $370,508; a strong comparable. 3 comparable transactions in SPRINGDALE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group