Based on 4 closed sales in TRAVIS LANDING, the data points to a value around $387,693 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $474,000 to $498,000. This home's position in the current TRAVIS LANDING market: the most affordable of 7 comparable homes on the market among comparable properties. The smaller floor plan (109 sqft compared to the average comp) is a meaningful differentiator in this price range. Lot size matters here: 0.26 acres versus 0.20 for the typical comp. The active market in TRAVIS LANDING includes 7 comparable homes priced from $409,000 to $759,000. Market data shows TRAVIS LANDING prices fallen 27.8% over the last half year. The closest comparable sale, 4307 Eck LN # 101, Austin TX 78734 at an adjusted $273,881, is a strong comparable. The strength of this estimate comes from 4 directly comparable sales in TRAVIS LANDING. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group