Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $474,646. I'd recommend coming to market at $490,000 to $653,000 to strike the right balance between value and market velocity. In the current ROCKY RIDGE market with 2 similar homes available, this price represents the most affordable of 2 comparable homes on the market. Built in 2000, this home is 11 years newer than the average comp, which is reflected in the adjustments. The 5.53 acre lot (larger than the 0.53 acre average) is reflected in the estimate. 2 similar homes are currently available in ROCKY RIDGE, creating a buyer's market for this price range. The trend in 78611 shows prices have risen 2.5% in the past 6 months. 103 County Road 139B, Burnet TX 78611 nearby adjusts to $489,786; 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