Based on 4 closed sales in RIVER PLACE, the data points to a value around $731,150 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $439,000 to $449,000. This pricing would rank the home as the most expensive of 3 comparable homes on the market in RIVER PLACE's current inventory. The 163 sqft size difference versus comparable sales is reflected in the adjusted values. With 3 similar homes currently listed in RIVER PLACE (a balanced market), competition is a factor to consider. Market data shows RIVER PLACE prices risen 13.3% over the last half year. The closest comparable sale, 5304 Ankara CT, Austin TX 78730 at an adjusted $773,718, is a strong comparable. The strength of this estimate comes from 4 directly comparable sales in RIVER PLACE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group