Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,497,179. I'd recommend coming to market at $634,000 to $644,000 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 most expensive of 7 comparable homes on the market. Built in 2007, this home is 23 years newer than the average comp, which is reflected in the adjustments. The 0.25 acre lot (smaller than the 0.37 acre average) is reflected in the estimate. There are currently 7 similar homes on the market in COLDWATER RIDGE CONDO, ranging from $595,000 to $4,295,000. The trend in 78730 shows prices have risen 4.6% in the past 6 months. 6203 Ledge Mountain DR, Austin TX 78731 nearby adjusts to $1,690,784; a strong comparable. 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
