Based on what similar homes have actually sold for within a mile, I'd place this property's value at $3,751,014. I'd recommend coming to market at $2,575,000 to $2,585,000 to strike the right balance between value and market velocity. In the current SPANISH OAKS market with 6 similar homes available, this price represents the 3rd least expensive of 6 comparable homes on the market. Built in 2019, this home is 8 years newer than the average comp, which is reflected in the adjustments. The 1.12 acre lot (larger than the 0.94 acre average) is reflected in the estimate. Right now, 6 similar properties are competing for buyers in SPANISH OAKS, listed between $2,325,000 and $9,800,000. The trend in SPANISH OAKS shows prices have risen 31.1% in the past 6 months. 12625 Maidenhair LN # 27, Bee Cave TX 78738 nearby adjusts to $4,195,806; with a smaller floor plan. With 6 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
