Based on what similar homes have actually sold for within a mile, I'd place this property's value at $668,900. I'd recommend coming to market at $667,000 to $673,000 to strike the right balance between value and market velocity. With 5 comparable homes on the market in CIRCLE C RANCH, this price positions the property as the 2nd most expensive of 5 comparable homes on the market. The smaller floor plan (167 sqft compared to the average comp) is a meaningful differentiator in this price range. Right now, 5 similar properties are competing for buyers in CIRCLE C RANCH, listed between $575,000 and $749,000. The trend in CIRCLE C RANCH shows prices have risen 1.9% in the past 6 months. 4509 Hibiscus Valley DR, Austin TX 78739 nearby adjusts to $684,218; with a larger floor plan. 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