The estimated value of this property is $256,654, based on 7 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $207,000 and $217,000. In the current SOUTH CREEK market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. At 439 sqft smaller than the typical comp, the size difference factors into the valuation. The 0.11 acre lot (smaller than the 0.18 acre average) is reflected in the estimate. The active market in SOUTH CREEK includes 7 comparable homes priced from $204,900 to $335,000. Recent trends in SOUTH CREEK show home values have risen 1.5% since 6 months ago. The most comparable recent sale is 2111 Elder PL, Round Rock TX 78664, with an adjusted value of $263,892; with a larger floor plan. Based on 7 relevant data points in SOUTH 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