The estimated value of this property is $629,784, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $472,000 and $482,000. In the current CAT MOUNTAIN VILLAS market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. The 647 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 1986, this home is 5 years newer than the average comp, which is reflected in the adjustments. With 3 similar homes currently listed in CAT MOUNTAIN VILLAS (a balanced market), competition is a factor to consider. Recent trends in CAT MOUNTAIN VILLAS show home values have risen 24.9% since 6 months ago. The most comparable recent sale is 5613 Muster CT, Austin TX 78731, with an adjusted value of $461,881; 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