Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,044,233. I'd recommend coming to market at $777,000 to $787,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78759, this price positions the property as the 4th most expensive of 7 comparable homes on the market. Built in 2012, this home is 20 years newer than the average comp, which is reflected in the adjustments. The 0.18 acre lot (smaller than the 0.29 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in 78759, listed between $699,000 and $1,375,000. The trend in 78759 shows prices have risen 13.7% in the past 6 months. 8424 Etienne CV, Austin TX 78759 nearby adjusts to $1,208,046; with a smaller floor plan. Based on 7 relevant data points in 78759, 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
