Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $277,088. I'd recommend coming to market at $182,000 to $192,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in 78945. Built in 1986, this home is 19 years newer than the average comp, which is reflected in the adjustments. The 0.52 acre lot (larger than the 0.32 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in 78945, listed between $189,000 and $478,900. The trend in 78945 shows prices have risen 9.2% in the past 6 months. 146 S Reynolds ST, La Grange TX 78945 nearby adjusts to $208,497; with a smaller floor plan. Based on 7 relevant data points in 78945, 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
