The market data from 7 similar recent sales in 78737 points to a value of approximately $1,378,640. To sell within a reasonable timeframe at fair market value, the $1,438,000 to $1,454,000 range is where I'd position this. With 2 comparable homes on the market in 78737, this price positions the property as the most affordable of 2 comparable homes on the market. The 2,459 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 2 similar homes on the market in 78737, ranging from $1,695,000 to $5,000,000. In 78737, home values have fallen approximately 3% over the past 6 months. One of the strongest data points is 8500 Young LN, Austin TX 78737, adjusting to $2,156,799; 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
