Based on 7 closed sales in SPANISH OAKS, the data points to a value around $3,835,054 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,331,000 to $1,341,000. This home's position in the current SPANISH OAKS market: the most expensive of 5 comparable homes on the market among comparable properties. The 252 sqft size difference versus comparable sales is reflected in the adjusted values. A pool adds market appeal. Only 7 minus 1 of the comps had one. Current inventory shows 5 comparable homes in SPANISH OAKS; a buyer's market based on recent absorption. Market data shows SPANISH OAKS prices fallen 6.5% over the last half year. The closest comparable sale, 12625 Maidenhair LN # 33, Austin TX 78738 at an adjusted $3,624,341, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in SPANISH OAKS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group