9120 Hopeland DR, Austin TX 78749

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $991,915. I'd recommend coming to market at $801,000 to $811,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in CIRCLE C RANCH, this price positions the property as the most expensive of 3 comparable homes on the market. The larger floor plan (366 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2001, this home is 5 years newer than the average comp, which is reflected in the adjustments. The active market in CIRCLE C RANCH includes 3 comparable homes priced from $825,000 to $1,179,000. The trend in CIRCLE C RANCH shows prices have fallen 1.5% in the past 6 months. 6601 Needham LN, Austin TX 78739 nearby adjusts to $878,602; with a smaller 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