After adjusting 4 comparable sales for differences in size, age, and features, this home's estimated value is $1,551,774. Pricing this home between $1,849,000 and $1,863,000 would put it in the competitive sweet spot for 78738. Buyers shopping in 78738 right now would see this as a well positioned option among 5 comparable homes. The larger lot (0.51 acres versus the area average of 0.46) contributes to the valuation. With 5 similar homes currently listed in 78738 (a buyer's market), competition is a factor to consider. Market data shows 78738 prices risen 1.7% over the last half year. The closest comparable sale, 11606 Uplands Ridge DR, Bee Cave TX 78738 at an adjusted $1,208,348, is with a smaller floor plan. With 4 comparable sales in 78738, 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