Based on 7 closed sales in STERLING ACRES, the data points to a value around $1,595,361 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,182,000 to $1,192,000. Relative to what's currently available in STERLING ACRES, this home would be the 3rd most expensive of 7 comparable homes on the market. This home's smaller footprint (163 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 1.04 acres versus 0.70 for the typical comp. There are currently 7 similar homes on the market in STERLING ACRES, ranging from $1,100,000 to $1,799,000. Market data shows 78733 prices risen 26.7% over the last half year. The closest comparable sale, 911 Ottawa DR, Austin TX 78733 at an adjusted $1,242,725, is a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus