The estimated value of this property is $262,719, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $257,000 and $268,000. In the current SPRINGWOOD GARDEN HOMES BL market with 6 similar homes available, this price represents the 2nd least expensive of 6 comparable homes on the market. At 234 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1982, this home is 29 years older than the average comp, which is reflected in the adjustments. Right now, 6 similar properties are competing for buyers in SPRINGWOOD GARDEN HOMES BL, listed between $269,000 and $385,000. Recent trends in 78729 show home values have risen 0.4% since 6 months ago. The most comparable recent sale is 8518 Cahill DR # 19, Austin TX 78729, with an adjusted value of $214,868; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group