The estimated value of this property is $707,219, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $425,000 and $435,000. With 7 comparable homes on the market in DIXIE TERRACE, this price positions the property as the most expensive of 7 comparable homes on the market. Being 112 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 2008, this home is 46 years newer than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in DIXIE TERRACE (a buyer's market), competition is a factor to consider. Recent trends in 78757 show home values have risen 11.4% since 6 months ago. The most comparable recent sale is 1502 Villanova DR, Austin TX 78757, with an adjusted value of $606,204; a strong comparable. Based on 7 relevant data points in DIXIE TERRACE, 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