The estimated value of this property is $518,228, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $308,000 and $318,000. With 7 comparable homes on the market in HUDSON BEND COLONY, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. Built in 1999, this home is 8 years newer than the average comp, which is reflected in the adjustments. The 1.16 acre lot (larger than the 0.54 acre average) is reflected in the estimate. There are currently 7 similar homes on the market in HUDSON BEND COLONY, ranging from $300,000 to $849,000. Recent trends in 78734 show home values have fallen 6.8% since 6 months ago. The most comparable recent sale is 16301 Forest WAY, Austin TX 78734, with an adjusted value of $538,077; a strong comparable. Based on 7 relevant data points in HUDSON BEND COLONY, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX
