Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $355,598. I'd recommend coming to market at $368,000 to $369,000 to strike the right balance between value and market velocity. With 5 comparable homes on the market in TURTLE CREEK, this price positions the property as the 2nd least expensive of 5 comparable homes on the market. The 502 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 2003, this home is 6 years older than the average comp, which is reflected in the adjustments. With 5 similar homes currently listed in TURTLE CREEK (a buyer's market), competition is a factor to consider. The trend in TURTLE CREEK shows prices have risen 3.2% in the past 6 months. 660 Tumlinson Fort WAY, Round Rock TX 78664 nearby adjusts to $350,723; a strong comparable. Based on 7 relevant data points in TURTLE CREEK, 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
