Based on what similar homes have actually sold for within a mile, I'd place this property's value at $460,511. I'd recommend coming to market at $500,000 to $509,000 to strike the right balance between value and market velocity. With 6 comparable homes on the market in TERAVISTA, this price positions the property as the most affordable of 6 comparable homes on the market. This home's larger footprint (289 sqft vs the comp average) plays a role in how the market prices it. Right now, 6 similar properties are competing for buyers in TERAVISTA, listed between $450,000 and $649,000. The trend in TERAVISTA shows prices have fallen 3.6% in the past 6 months. 1726 Westmeadow TRL, Round Rock TX 78665 nearby adjusts to $483,513; a strong comparable. Based on 7 relevant data points in TERAVISTA, 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