Based on what similar homes have actually sold for within a mile, I'd place this property's value at $261,020. I'd recommend coming to market at $256,000 to $266,000 to strike the right balance between value and market velocity. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in PARK QUAIL CREEK. The 154 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 1973, this home is 5 years older than the average comp, which is reflected in the adjustments. There are currently 3 similar homes on the market in PARK QUAIL CREEK, ranging from $239,000 to $249,000. The trend in PARK QUAIL CREEK shows prices have risen 6.4% in the past 6 months. 9610 Covey RDG, Austin TX 78758 nearby adjusts to $233,889; with a smaller floor plan. With 5 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