Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $460,462. I'd recommend coming to market at $335,000 to $345,000 to strike the right balance between value and market velocity. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in 78659. The 0.50 acre lot (smaller than the 4.30 acre average) is reflected in the estimate. With 1 similar homes currently listed in 78659 (a buyer's market), competition is a factor to consider. The trend in 78659 shows prices have risen 5.6% in the past 6 months. 128 Bridle CT, Bastrop TX 78602 nearby adjusts to $620,863; 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