Based on what similar homes have actually sold for within a mile, I'd place this property's value at $353,902. I'd recommend coming to market at $388,000 to $397,000 to strike the right balance between value and market velocity. With 6 comparable homes on the market in ANDERSON MILL WEST, this price positions the property as the 3rd least expensive of 6 comparable homes on the market. The 0.00 acre lot (smaller than the 0.18 acre average) is reflected in the estimate. Right now, 6 similar properties are competing for buyers in ANDERSON MILL WEST, listed between $325,000 and $450,000. The trend in ANDERSON MILL WEST shows prices have fallen 3.3% in the past 6 months. 1811 Old Mill RD, Cedar Park TX 78613 nearby adjusts to $387,534; 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
