Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $759,614. I'd recommend coming to market at $843,000 to $870,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in TRES VISTA, this price positions the property as the most affordable of 3 comparable homes on the market. The 1.50 acre lot (larger than the 0.25 acre average) is reflected in the estimate. Right now, 3 similar properties are competing for buyers in TRES VISTA, listed between $800,000 and $989,990. The trend in 78669 shows prices have fallen 3.4% in the past 6 months. 6012 Empresa DR, Austin TX 78738 nearby adjusts to $870,185; a strong comparable. Based on 7 relevant data points in TRES VISTA, 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