Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,335,666. I'd recommend coming to market at $1,396,000 to $2,097,000 to strike the right balance between value and market velocity. In the current GREAT HILLS market with 2 similar homes available, this price represents the most affordable of 2 comparable homes on the market. The 1,744 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 1981, this home is 7 years older than the average comp, which is reflected in the adjustments. The active market in GREAT HILLS includes 2 comparable homes priced from $1,999,000 to $3,990,000. The trend in GREAT HILLS shows prices have fallen 4.3% in the past 6 months. 6425 Yaupon DR, Austin TX 78759 nearby adjusts to $1,227,291; with a smaller floor plan. Based on 7 relevant data points in GREAT HILLS, 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