Based on what similar homes have actually sold for within a mile, I'd place this property's value at $220,056. I'd recommend coming to market at $154,000 to $164,000 to strike the right balance between value and market velocity. In the current KING market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. Built in 1950, this home is 5 years older than the average comp, which is reflected in the adjustments. There are currently 3 similar homes on the market in KING, ranging from $150,000 to $232,500. The trend in 76574 shows prices have fallen 5.7% in the past 6 months. 1408 Kent St, Taylor TX 76574 nearby adjusts to $236,933; with a larger floor plan. Based on 3 relevant data points in KING, 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