My analysis of 7 comparable properties puts this home's estimated value at $336,017. Based on how the local market is moving, a list price between $190,000 and $200,000 would position this home well. This home's position in the current 78723 market: the 3rd most expensive of 7 comparable homes on the market among comparable properties. The 216 sqft size difference versus comparable sales is reflected in the adjusted values. At 19 years older than typical comps, the 1947 build date influences the valuation. 7 similar homes are currently available in 78723, creating a buyer's market for this price range. The 6 month price trend in 78723: risen 1.7%. The best comp here is 1410 Corona DR, Austin TX 78723 at an adjusted value of $479,930, a strong comparable. With 7 comparable sales in 78723, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group