Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,217,669. I'd recommend coming to market at $1,594,000 to $1,891,000 to strike the right balance between value and market velocity. Against 7 similar active listings in HILLS LAKEWAY, this price point lands at the 4th most expensive of 7 comparable homes on the market. The 722 sqft size difference versus comparable sales is reflected in the adjusted values. Right now, 7 similar properties are competing for buyers in HILLS LAKEWAY, listed between $1,059,000 and $2,500,000. The trend in HILLS LAKEWAY shows prices have fallen 8% in the past 6 months. 60 Tiburon DR, The Hills TX 78738 nearby adjusts to $1,300,545; with a smaller floor plan. Based on 4 relevant data points in HILLS LAKEWAY, 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
