The estimated value of this property is $279,827, based on 3 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $356,000 and $360,000. With 6 comparable homes on the market in RIVERDALE, this price positions the property as the 2nd least expensive of 6 comparable homes on the market. The larger floor plan (643 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1972, this home is 8 years newer than the average comp, which is reflected in the adjustments. Buyers in RIVERDALE have 6 comparable options right now, with asking prices between $284,227 and $458,900. Recent trends in 78957 show home values have risen 4.2% since 6 months ago. The most comparable recent sale is 1408 NE 8th ST, Smithville TX 78957, with an adjusted value of $264,022; with a smaller floor plan. Based on 3 relevant data points in RIVERDALE, 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
