The market data from 7 similar recent sales in HERITAGE WEST points to a value of approximately $906,686. To sell within a reasonable timeframe at fair market value, the $722,000 to $732,000 range is where I'd position this. Against 4 similar active listings in HERITAGE WEST, this price point lands at the most expensive of 4 comparable homes on the market. At 1.58 acres, the lot is larger than the 1.22 acre comp average, which factors into pricing. With 4 similar homes currently listed in HERITAGE WEST (a balanced market), competition is a factor to consider. In 78737, home values have risen approximately 1.3% over the past 6 months. One of the strongest data points is 211 Heritage DR, Austin TX 78737, adjusting to $919,748; with a pool. 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
