Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $625,484. To generate strong buyer interest while maximizing value, I'd price this between $468,000 and $478,000. With 4 comparable homes on the market in OAK HILL HEIGHTS, this price positions the property as the 2nd most expensive of 4 comparable homes on the market. At 103 sqft smaller than the typical comp, the size difference factors into the valuation. The 2003 construction puts this home 6 years newer than the comp average, a factor in the pricing. The active market in OAK HILL HEIGHTS includes 4 comparable homes priced from $475,000 to $615,000. The trend in 78749 shows prices have risen 1.3% in the past 6 months. 6801 Poncha PASS, Austin TX 78749 nearby adjusts to $632,758; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
