After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $2,299,099. Pricing this home between $2,631,000 and $2,741,000 would put it in the competitive sweet spot for 78735. This would position the home competitively among 7 active listings in 78735. Having a pool is a plus; 4 of the 7 comps lacked one. The larger lot (1.13 acres versus the area average of 0.44) contributes to the valuation. Buyers in 78735 have 7 comparable options right now, with asking prices between $1,995,000 and $3,850,000. Market data shows 78735 prices fallen 13.9% over the last half year. The closest comparable sale, 1200 Barton Creek BLVD # 28, Austin TX 78735 at an adjusted $2,426,682, is with no pool. The comp data here (7 sales in 78735) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus