Based on what similar homes have actually sold for within a mile, I'd place this property's value at $291,058. I'd recommend coming to market at $225,000 to $235,000 to strike the right balance between value and market velocity. Among the similar homes currently available in SUNRISE ACRES, this price point stands out as competitive. Built in 1997, this home is 8 years older than the average comp, which is reflected in the adjustments. The 1.00 acre lot (larger than the 0.21 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in SUNRISE ACRES, listed between $235,000 and $500,000. The trend in 78640 shows prices have fallen 6.8% in the past 6 months. 670 Covent DR, Kyle TX 78640 nearby adjusts to $305,910; a strong comparable. Based on 7 relevant data points in SUNRISE ACRES, 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