Based on 7 closed sales in RIM ROCK PH ONE SEC THREE, the data points to a value around $920,112 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,029,000 to $1,149,000. Relative to what's currently available in RIM ROCK PH ONE SEC THREE, this home would be no active comparable homes on the market. This home's smaller footprint (405 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 2.43 acres versus 1.71 for the typical comp. Market data shows 78619 prices fallen 7% over the last half year. The closest comparable sale, 154 Mountain Laurel WAY, Austin TX 78737 at an adjusted $722,336, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in RIM ROCK PH ONE SEC THREE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group
