Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $974,471. I'd recommend coming to market at $1,128,000 to $1,339,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78734, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The 0.43 acre lot (larger than the 0.36 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in 78734, listed between $995,000 and $2,300,000. The trend in 78734 shows prices have fallen 6.1% in the past 6 months. 15 Glen Rock DR, The Hills TX 78738 nearby adjusts to $1,047,298; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
