Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $355,965. I'd recommend coming to market at $345,000 to $367,000 to strike the right balance between value and market velocity. Among the similar homes currently available in SPRINGFIELD, this price point stands out as competitive. The 222 sqft size difference versus comparable sales is reflected in the adjusted values. With 4 similar homes currently listed in SPRINGFIELD (a balanced market), competition is a factor to consider. The trend in SPRINGFIELD shows prices have fallen 1.4% in the past 6 months. 6404 Piedras Blanco DR, Austin TX 78747 nearby adjusts to $384,098; with a smaller floor plan. With 4 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