Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $362,336. I'd recommend coming to market at $398,000 to $417,000 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 most affordable of 6 comparable homes on the market. At 111 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1994, this home is 5 years newer than the average comp, which is reflected in the adjustments. Right now, 6 similar properties are competing for buyers in ANDERSON MILL WEST, listed between $380,000 and $549,900. The trend in ANDERSON MILL WEST shows prices have risen 6.9% in the past 6 months. 1600 Hatch RD, Cedar Park TX 78613 nearby adjusts to $328,933; 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
