Taking into account 5 nearby comparable sales, this property's estimated value comes to $2,506,169. If we were to list this property today, I'd recommend a list price in the $1,434,000 to $1,444,000 range. This would position the home competitively among 7 active listings in SPANISH OAKS. Being 903 sqft larger than the average comparable sale in this area impacts the per square foot value. Being built in 2014 (5 years newer than comps) is factored into the value estimate. Current inventory shows 7 comparable homes in SPANISH OAKS; a buyer's market based on recent absorption. The 6 month price trend in SPANISH OAKS: fallen 7.8%. The best comp here is 4700 Monte Carmelo PL, Austin TX 78738 at an adjusted value of $2,827,919, with a smaller floor plan. The strength of this estimate comes from 5 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
