The estimated value of this property is $3,170,122, based on 3 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $2,695,000 and $2,705,000. In the current SPANISH OAKS market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. Being 217 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 2018, this home is 6 years newer than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in SPANISH OAKS (a buyer's market), competition is a factor to consider. Recent trends in SPANISH OAKS show home values have fallen 7.8% since 6 months ago. The most comparable recent sale is 6358 Spanish Oaks Club BLVD, Austin TX 78738, with an adjusted value of $3,519,703; with a pool. Based on 3 relevant data points in SPANISH OAKS, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX