After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $299,391. Pricing this home between $326,000 and $332,000 would put it in the competitive sweet spot for 78751. This pricing would rank the home as the most affordable of 7 comparable homes on the market in 78751's current inventory. The smaller lot (0.00 acres versus the area average of 0.04) contributes to the valuation. Buyers in 78751 have 7 comparable options right now, with asking prices between $320,000 and $349,900. Market data shows 78751 prices risen 5.8% over the last half year. The closest comparable sale, 3111 Tom Green ST # 203, Austin TX 78705 at an adjusted $286,756, is a strong comparable. The comp data here (7 sales in 78751) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus