The market data from 5 similar recent sales in BROADACRES points to a value of approximately $687,396. To sell within a reasonable timeframe at fair market value, the $413,000 to $423,000 range is where I'd position this. In the current BROADACRES market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. The pool is a differentiator here, since 4 of 5 comparable sales didn't include one. The active market in BROADACRES includes 7 comparable homes priced from $380,000 to $670,000. In BROADACRES, home values have fallen approximately 35.5% over the past 6 months. One of the strongest data points is 1503 Richcreek RD # A, Austin TX 78757, adjusting to $618,006; with no pool. The 5 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
