Reviewing the most recent comparable transactions, this home's market value falls around $531,931. For a well positioned listing in 78737, I'd target the $516,000 to $548,000 range. With 1 comparable homes on the market in 78737, this price positions the property as below the only comparable home currently on the market. The 2021 construction puts this home 38 years newer than the comp average, a factor in the pricing. At 4.53 acres, the lot is larger than the 1.21 acre comp average, which factors into pricing. Right now, 1 similar properties are competing for buyers in 78737, listed between $1,950,000 and $1,950,000. Recent trends in 78737 show home values have risen 1.8% since 6 months ago. The most comparable recent sale is 7606 Williamson Creek DR, Austin TX 78736, with an adjusted value of $369,068; with a smaller floor plan. The 7 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