Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $456,330. I'd recommend coming to market at $413,000 to $464,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in 78602. The active market in 78602 includes 3 comparable homes priced from $419,000 to $479,000. The trend in 78602 shows prices have risen 3.7% in the past 6 months. 127 Eleanor LN, Bastrop TX 78602 nearby adjusts to $399,462; with a larger floor plan. Based on 3 relevant data points in 78602, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX
