Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $302,632. I'd recommend coming to market at $191,000 to $201,000 to strike the right balance between value and market velocity. In the current HILLSIDE market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. The smaller floor plan (202 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1995, this home is 19 years newer than the average comp, which is reflected in the adjustments. Buyers in HILLSIDE have 7 comparable options right now, with asking prices between $180,000 and $299,000. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 636 Old Sayers RD, Elgin TX 78621 nearby adjusts to $227,165; a strong comparable. Based on 7 relevant data points in HILLSIDE, 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