The market data from 7 similar recent sales in SPRINGWOOD GARDEN HOMES BL points to a value of approximately $245,585. To sell within a reasonable timeframe at fair market value, the $241,000 to $250,000 range is where I'd position this. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in SPRINGWOOD GARDEN HOMES BL. At 682 sqft smaller than the typical comp, the size difference factors into the valuation. The 1982 construction puts this home 31 years older than the comp average, a factor in the pricing. There are currently 1 similar homes on the market in SPRINGWOOD GARDEN HOMES BL, ranging from $209,900 to $209,900. In 78729, home values have fallen approximately 1.6% over the past 6 months. One of the strongest data points is 13400 Briarwick DR # 1303, Austin TX 78729, adjusting to $233,651; with a larger floor plan. 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
