Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $486,453. I'd recommend coming to market at $472,000 to $501,000 to strike the right balance between value and market velocity. In the current ROCKY RIDGE market with 1 similar homes available, this price represents below the only comparable home currently on the market. Built in 2000, this home is 9 years newer than the average comp, which is reflected in the adjustments. The 5.53 acre lot (larger than the 0.51 acre average) is reflected in the estimate. 1 similar homes are currently available in ROCKY RIDGE, creating a buyer's market for this price range. The trend in 78611 shows prices have fallen 12.1% in the past 6 months. 103 County Road 139B, Burnet TX 78611 nearby adjusts to $489,783; a strong comparable. Based on 7 relevant data points in ROCKY RIDGE, 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