The market data from 7 similar recent sales in 78737 points to a value of approximately $1,378,478. To sell within a reasonable timeframe at fair market value, the $1,337,000 to $1,420,000 range is where I'd position this. 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 2,641 sqft size difference versus comparable sales is reflected in the adjusted values. The 2008 construction puts this home 5 years newer than the comp average, a factor in the pricing. There are currently 1 similar homes on the market in 78737, ranging from $2,750,000 to $2,750,000. In 78737, home values have risen approximately 2.5% over the past 6 months. One of the strongest data points is 8500 Young LN, Austin TX 78737, adjusting to $2,154,564; with a smaller floor plan. 7 comparable transactions in 78737 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
