Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $250,704. I'd recommend coming to market at $243,000 to $258,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 2 comparable homes on the market comparable homes currently on the market in 78612. Being 129 sqft larger than the average comparable sale in this area impacts the per square foot value. The active market in 78612 includes 2 comparable homes priced from $249,990 to $289,900. The trend in 78612 shows prices have fallen 4% in the past 6 months. 129 Shadow Wood TRL, Cedar Creek TX 78612 nearby adjusts to $247,406; with a smaller floor plan. Based on 3 relevant data points in 78612, 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