Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $288,768. I'd recommend coming to market at $79,000 to $89,000 to strike the right balance between value and market velocity. Against 5 similar active listings in COLORADO CROSSING, this price point lands at the 3rd most expensive of 5 comparable homes on the market. This home's smaller footprint (218 sqft vs the comp average) plays a role in how the market prices it. Built in 2011, this home is 6 years older than the average comp, which is reflected in the adjustments. There are currently 5 similar homes on the market in COLORADO CROSSING, ranging from $85,000 to $321,000. The trend in COLORADO CROSSING shows prices have risen 2.8% in the past 6 months. 3304 Lodgepole DR, Austin TX 78744 nearby adjusts to $286,520; with a larger floor plan. Based on 6 relevant data points in COLORADO CROSSING, 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
