After adjusting 6 comparable sales for differences in size, age, and features, this home's estimated value is $1,587,929. Pricing this home between $1,704,000 and $1,848,000 would put it in the competitive sweet spot for UPLANDS THE. Buyers shopping in UPLANDS THE right now would see this as a well positioned option among 3 comparable homes. Having a pool is a plus; 1 of the 6 comps lacked one. The larger lot (0.51 acres versus the area average of 0.45) contributes to the valuation. With 3 similar homes currently listed in UPLANDS THE (a balanced market), competition is a factor to consider. Market data shows 78738 prices risen 6.7% over the last half year. The closest comparable sale, 11606 Uplands Ridge DR, Bee Cave TX 78738 at an adjusted $1,209,552, is with a smaller floor plan. With 6 comparable sales in UPLANDS THE, 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