After reviewing 6 recent transactions in WOOTEN TERRACE, I estimate this property's value at $372,442. A competitive list price for this home right now would fall in the $271,000 to $281,000 range. This pricing would rank the home as the most expensive of 3 comparable homes on the market in WOOTEN TERRACE's current inventory. Being 106 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 5 years newer than typical comps, the 1966 build date influences the valuation. Right now, 3 similar properties are competing for buyers in WOOTEN TERRACE, listed between $250,000 and $405,000. Prices in 78757 have risen 8.3% over the last 6 months. A similar home at 8504 Burrell DR, Austin TX 78757 carries an adjusted comparable value of $364,956, providing a strong data point. With 6 comparable sales in WOOTEN TERRACE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
