Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $751,847. I'd recommend coming to market at $1,668,000 to $1,908,000 to strike the right balance between value and market velocity. Against 4 similar active listings in 78654, this price point lands at the most affordable of 4 comparable homes on the market. This home's larger footprint (2,853 sqft vs the comp average) plays a role in how the market prices it. The pool is a standout feature, with 6 of 7 comparable homes not offering one. The active market in 78654 includes 4 comparable homes priced from $1,659,000 to $3,975,000. The trend in 78654 shows prices have fallen 0.4% in the past 6 months. 205 Buckingham DR, Marble Falls TX 78654 nearby adjusts to $907,200; with a smaller floor plan. Based on 7 relevant data points in 78654, 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
