Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,135,996. I'd recommend coming to market at $890,000 to $900,000 to strike the right balance between value and market velocity. At this price, the property would be the 4th most expensive of 7 comparable homes on the market comparable homes currently on the market in OVERLOOK ESTATES. The 0.51 acre lot (smaller than the 0.65 acre average) is reflected in the estimate. Buyers in OVERLOOK ESTATES have 7 comparable options right now, with asking prices between $825,000 and $2,250,000. The trend in 78736 shows prices have fallen 12% in the past 6 months. 7840 Aria LOOP, Austin TX 78736 nearby adjusts to $876,276; a strong comparable. Based on 7 relevant data points in OVERLOOK ESTATES, 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
