Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $302,374. I'd recommend coming to market at $347,000 to $348,000 to strike the right balance between value and market velocity. Among the similar homes currently available in SHADOW CREEK, this price point stands out as competitive. The 158 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 2006, this home is 6 years older than the average comp, which is reflected in the adjustments. Buyers in SHADOW CREEK have 3 comparable options right now, with asking prices between $305,000 and $365,000. The trend in SHADOW CREEK shows prices have fallen 5.3% in the past 6 months. 157 Pebble Creek LN, Buda TX 78610 nearby adjusts to $198,135; a strong comparable. Based on 7 relevant data points in SHADOW CREEK, 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
