Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,302,095. I'd recommend coming to market at $1,512,000 to $1,564,000 to strike the right balance between value and market velocity. Among the similar homes currently available in BELLA MONTAGNA ESTATES, this price point stands out as competitive. The 107 sqft size difference versus comparable sales is reflected in the adjusted values. The 1.00 acre lot (larger than the 0.54 acre average) is reflected in the estimate. The active market in BELLA MONTAGNA ESTATES includes 4 comparable homes priced from $1,399,990 to $2,199,900. The trend in 78734 shows prices have fallen 9.5% in the past 6 months. 60 Tiburon DR, The Hills TX 78738 nearby adjusts to $1,346,769; a strong comparable. Based on 7 relevant data points in BELLA MONTAGNA ESTATES, 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
