Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $3,176,879. I'd recommend coming to market at $2,384,000 to $2,394,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in WATERSMARK BARTON CREEK CON. The smaller floor plan (270 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1.13 acre lot (larger than the 0.94 acre average) is reflected in the estimate. With 7 similar homes currently listed in WATERSMARK BARTON CREEK CON (a buyer's market), competition is a factor to consider. The trend in 78735 shows prices have fallen 10.9% in the past 6 months. 9600 Veletta PL, Austin TX 78735 nearby adjusts to $2,889,537; with a smaller floor plan and a pool. With 4 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
