Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $2,934,149. I'd recommend coming to market at $3,284,000 to $3,723,000 to strike the right balance between value and market velocity. In the current TREEMONT market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. This home's larger footprint (267 sqft vs the comp average) plays a role in how the market prices it. The pool is a standout feature, with 2 of 7 comparable homes not offering one. There are currently 7 similar homes on the market in TREEMONT, ranging from $2,495,000 to $4,385,000. The trend in TREEMONT shows prices have risen 1.8% in the past 6 months. 2704 Regents PARK, Austin TX 78746 nearby adjusts to $2,883,747; a strong comparable. 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