Based on what similar homes have actually sold for within a mile, I'd place this property's value at $448,709. I'd recommend coming to market at $182,000 to $192,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in COOK-WALDEN, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. Built in 1984, this home is 21 years newer than the average comp, which is reflected in the adjustments. The 0.98 acre lot (larger than the 0.12 acre average) is reflected in the estimate. There are currently 7 similar homes on the market in COOK-WALDEN, ranging from $179,000 to $630,000. The trend in 78757 shows prices have fallen 1.7% in the past 6 months. 900 Taulbee LN # 109, Austin TX 78757 nearby adjusts to $219,031; 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