Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $238,814. I'd recommend coming to market at $260,000 to $266,000 to strike the right balance between value and market velocity. With 4 comparable homes on the market in SPRING BRANCH, this price positions the property as the most affordable of 4 comparable homes on the market. Built in 1995, this home is 7 years older than the average comp, which is reflected in the adjustments. 4 similar homes are currently available in SPRING BRANCH, creating a seller's market for this price range. The trend in SPRING BRANCH shows prices have risen 4.2% in the past 6 months. 450 Jim Miller DR, Kyle TX 78640 nearby adjusts to $240,609; a strong comparable. Based on 7 relevant data points in SPRING BRANCH, 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