Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $804,545. To generate strong buyer interest while maximizing value, I'd price this between $1,046,000 and $1,055,000. 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 GREAT HILLS. The 1972 construction puts this home 7 years older than the comp average, a factor in the pricing. At 0.07 acres, the lot is smaller than the 0.33 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in GREAT HILLS, listed between $725,000 and $1,669,000. The trend in GREAT HILLS shows prices have fallen 3.5% in the past 6 months. 8302 Appalachian DR, Austin TX 78759 nearby adjusts to $1,198,555; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group