Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $443,290. I'd recommend coming to market at $465,000 to $481,000 to strike the right balance between value and market velocity. In the current 78613 market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. At 115 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1988, this home is 5 years older than the average comp, which is reflected in the adjustments. There are currently 3 similar homes on the market in 78613, ranging from $475,000 to $479,950. The trend in 78613 shows prices have risen 0% in the past 6 months. 2709 Melba Pass, Cedar Park TX 78613 nearby adjusts to $401,428; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
