8500 S Fm 973, Austin TX 78719

The market data from 7 similar recent sales in FARREL points to a value of approximately $334,567. To sell within a reasonable timeframe at fair market value, the $325,000 to $345,000 range is where I'd position this. With 1 comparable homes on the market in FARREL, this price positions the property as below the only comparable home currently on the market. The 353 sqft size difference versus comparable sales is reflected in the adjusted values. The 1960 construction puts this home 46 years older than the comp average, a factor in the pricing. There are currently 1 similar homes on the market in FARREL, ranging from $472,000 to $472,000. One of the strongest data points is 14512 FM 812, Del Valle TX 78617, adjusting to $691,236; a strong comparable. 7 comparable transactions in FARREL support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group