Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $359,942. I'd recommend coming to market at $407,000 to $436,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78634, this price positions the property as the 4th most expensive of 7 comparable homes on the market. Built in 1984, this home is 16 years older than the average comp, which is reflected in the adjustments. The 5.02 acre lot (larger than the 0.26 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in 78634, listed between $324,000 and $725,000. The trend in 78634 shows prices have fallen 1.5% in the past 6 months. 120 Wegstrom ST, Hutto TX 78634 nearby adjusts to $289,913; a strong comparable. Based on 7 relevant data points in 78634, 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