The market data from 4 similar recent sales in RIVER PLACE points to a value of approximately $1,459,649. To sell within a reasonable timeframe at fair market value, the $2,453,000 to $2,529,000 range is where I'd position this. At this price, the property would be the most affordable of 7 comparable homes on the market comparable homes currently on the market in RIVER PLACE. The 1,035 sqft size difference versus comparable sales is reflected in the adjusted values. Buyers in RIVER PLACE have 7 comparable options right now, with asking prices between $1,845,000 and $7,300,000. In RIVER PLACE, home values have risen approximately 21.2% over the past 6 months. One of the strongest data points is 3901 Conference CV, Austin TX 78730, adjusting to $1,473,483; with a smaller floor plan and a pool. 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