Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,221,850. I'd recommend coming to market at $783,000 to $793,000 to strike the right balance between value and market velocity. Against 7 similar active listings in BREAKAWAY PARK, this price point lands at the 2nd most expensive of 7 comparable homes on the market. The larger floor plan (200 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1.00 acre lot (larger than the 0.41 acre average) is reflected in the estimate. There are currently 7 similar homes on the market in BREAKAWAY PARK, ranging from $695,000 to $1,399,900. The trend in 78613 shows prices have fallen 3.4% in the past 6 months. 2905 Post River RD, Cedar Park TX 78613 nearby adjusts to $1,219,159; with a smaller floor plan and a pool. Based on 7 relevant data points in BREAKAWAY PARK, 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