Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $499,041. I'd recommend coming to market at $545,000 to $549,000 to strike the right balance between value and market velocity. Among the similar homes currently available in SOUTHBRIDGE VILLAS, this price point stands out as competitive. Being 309 sqft larger than the average comparable sale in this area impacts the per square foot value. The active market in SOUTHBRIDGE VILLAS includes 6 comparable homes priced from $489,000 to $700,000. The trend in SOUTHBRIDGE VILLAS shows prices have fallen 1.1% in the past 6 months. 7337 Menchaca RD # 21, Austin TX 78745 nearby adjusts to $455,200; with a smaller floor plan. Based on 6 relevant data points in SOUTHBRIDGE VILLAS, 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