The market data from 5 similar recent sales in 78751 points to a value of approximately $802,753. To sell within a reasonable timeframe at fair market value, the $693,000 to $703,000 range is where I'd position this. With 3 comparable homes on the market in 78751, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. At 103 sqft smaller than the typical comp, the size difference factors into the valuation. 3 similar homes are currently available in 78751, creating a buyer's market for this price range. In 78751, home values have risen approximately 5.8% over the past 6 months. One of the strongest data points is 5010 Rowena Ave # 1, Austin TX 78751, adjusting to $624,633; a strong comparable. 5 comparable transactions in 78751 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
