Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,187,410. I'd recommend coming to market at $881,000 to $891,000 to strike the right balance between value and market velocity. Against 7 similar active listings in COLDWATER RIDGE CONDO, this price point lands at the 3rd least expensive of 7 comparable homes on the market. Being 137 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 2007, this home is 14 years newer than the average comp, which is reflected in the adjustments. There are currently 7 similar homes on the market in COLDWATER RIDGE CONDO, ranging from $875,000 to $4,795,000. The trend in 78730 shows prices have fallen 8.4% in the past 6 months. 5804 Kaelan CV, Austin TX 78730 nearby adjusts to $1,319,260; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
