The market data from 4 similar recent sales in AQUA MONTE points to a value of approximately $748,435. To sell within a reasonable timeframe at fair market value, the $525,000 to $535,000 range is where I'd position this. In the current AQUA MONTE market with 1 similar homes available, this price represents below the only comparable home currently on the market. The 200 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.47 acres, the lot is larger than the 0.42 acre comp average, which factors into pricing. Right now, 1 similar properties are competing for buyers in AQUA MONTE, listed between $475,000 and $475,000. In 78733, home values have risen approximately 17.7% over the past 6 months. One of the strongest data points is 10110 Lake Ridge DR, Austin TX 78733, adjusting to $810,475; with a larger floor plan. The 4 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group