Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $371,865. I'd recommend coming to market at $400,000 to $411,000 to strike the right balance between value and market velocity. With 4 comparable homes on the market in STONEY BROOK, this price positions the property as the 2nd least expensive of 4 comparable homes on the market. The 397 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 2007, this home is 7 years newer than the average comp, which is reflected in the adjustments. Buyers in STONEY BROOK have 4 comparable options right now, with asking prices between $410,000 and $535,000. The trend in STONEY BROOK shows prices have fallen 0.6% in the past 6 months. 1532 Lorson LOOP, Round Rock TX 78665 nearby adjusts to $356,559; a strong comparable. Based on 6 relevant data points in STONEY BROOK, 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
