The estimated value of this property is $1,263,784, based on 3 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $1,014,000 and $1,024,000. At this price, the property would be the 2nd most expensive of 3 comparable homes on the market comparable homes currently on the market in 78703. The 117 sqft size difference versus comparable sales is reflected in the adjusted values. There are currently 3 similar homes on the market in 78703, ranging from $995,000 to $1,450,000. Recent trends in 78703 show home values have fallen 9.3% since 6 months ago. The most comparable recent sale is 715 Meriden LN, Austin TX 78703, with an adjusted value of $1,501,167; a strong comparable. Based on 3 relevant data points in 78703, 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