Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,812,065. I'd recommend coming to market at $950,000 to $960,000 to strike the right balance between value and market velocity. Among the similar homes currently available in WENDLANDT & MUELLER, this price point stands out as competitive. Built in 2006, this home is 28 years newer than the average comp, which is reflected in the adjustments. The active market in WENDLANDT & MUELLER includes 7 comparable homes priced from $925,000 to $2,675,000. The trend in 78705 shows prices have fallen 11.7% in the past 6 months. 1600 W 39th 1/2 ST, Austin TX 78756 nearby adjusts to $1,484,501; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group