The estimated value of this property is $561,790, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $348,000 and $358,000. In the current BULL CREEK RANCH CONDO market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. The 252 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 2003, this home is 14 years newer than the average comp, which is reflected in the adjustments. 7 similar homes are currently available in BULL CREEK RANCH CONDO, creating a balanced market for this price range. Recent trends in 78750 show home values have fallen 0.5% since 6 months ago. The most comparable recent sale is 8917 Old Lampasas TRL # 27, Austin TX 78750, with an adjusted value of $520,722; a strong comparable. 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
