Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $392,163. I'd recommend coming to market at $501,000 to $505,000 to strike the right balance between value and market velocity. At this price, the property would be the most affordable of 7 comparable homes on the market comparable homes currently on the market in SUMMERLYN PH P-2. At 518 sqft larger than the typical comp, the size difference factors into the valuation. The 0.24 acre lot (larger than the 0.18 acre average) is reflected in the estimate. There are currently 7 similar homes on the market in SUMMERLYN PH P-2, ranging from $399,900 to $550,000. 353 King Elder LN, Leander TX 78641 nearby adjusts to $389,416; with a smaller floor plan. Based on 3 relevant data points in SUMMERLYN PH P-2, 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