After reviewing 4 recent transactions in LAS CIMAS, I estimate this property's value at $351,958. A competitive list price for this home right now would fall in the $238,000 to $248,000 range. Relative to what's currently available in LAS CIMAS, this home would be the most expensive of 4 comparable homes on the market. There are currently 4 similar homes on the market in LAS CIMAS, ranging from $225,000 to $295,000. Prices in 78724 have risen 5.5% over the last 6 months. A similar home at 7213 Inspiration DR, Austin TX 78724 carries an adjusted comparable value of $412,267, providing a strong data point. With 4 comparable sales in LAS CIMAS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group