7 recent sales within a mile of this address suggest a current value of $3,368,296. My recommended list price range for this property would be $2,318,000 to $2,328,000. Among the similar homes currently available in SPANISH OAKS, this price point stands out as competitive. At 135 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2003, this home is 8 years older than the average comp, which is reflected in the adjustments. Current inventory shows 5 comparable homes in SPANISH OAKS; a buyer's market based on recent absorption. In SPANISH OAKS, home values have fallen approximately 2.3% over the past 6 months. One of the strongest data points is 16001 Pontevedra PL, Austin TX 78738, adjusting to $3,275,130; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group