The market data from 7 similar recent sales in 78732 points to a value of approximately $1,982,876. To sell within a reasonable timeframe at fair market value, the $1,943,000 to $2,023,000 range is where I'd position this. In the current 78732 market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. Being 127 sqft larger than the average comparable sale in this area impacts the per square foot value. At 4.75 acres, the lot is larger than the 0.44 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in 78732; a balanced market based on recent absorption. In 78732, home values have risen approximately 10.7% over the past 6 months. One of the strongest data points is 732 Santaluz PATH, Austin TX 78732, adjusting to $1,792,328; with a smaller floor plan and a pool. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group