My analysis of 7 comparable properties puts this home's estimated value at $2,205,208. Based on how the local market is moving, a list price between $1,650,000 and $1,660,000 would position this home well. This would position the home competitively among 3 active listings in WATERSMARK BARTON CREEK CONDO. At 8 years newer than typical comps, the 2014 build date influences the valuation. The smaller lot (0.00 acres versus the area average of 0.32) contributes to the valuation. There are currently 3 similar homes on the market in WATERSMARK BARTON CREEK CONDO, ranging from $1,775,000 to $3,500,000. The 6 month price trend in 78735: risen 0.9%. The best comp here is 1200 Barton Creek BLVD # 28, Austin TX 78735 at an adjusted value of $1,974,530, a strong comparable. With 7 comparable sales in WATERSMARK BARTON CREEK CONDO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
