My analysis of 4 comparable properties puts this home's estimated value at $2,268,056. Based on how the local market is moving, a list price between $2,200,000 and $2,336,000 would position this home well. This would position the home competitively among 4 active listings in 78735. At 7 years newer than typical comps, the 2014 build date influences the valuation. The smaller lot (0.00 acres versus the area average of 0.23) contributes to the valuation. There are currently 4 similar homes on the market in 78735, ranging from $2,599,000 to $3,850,000. The 6 month price trend in 78735: fallen 5.1%. The best comp here is 1200 Barton Creek BLVD # 28, Austin TX 78735 at an adjusted value of $1,974,085, a strong comparable. With 4 comparable sales in 78735, 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
