Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $2,948,881. I'd recommend coming to market at $2,609,000 to $2,619,000 to strike the right balance between value and market velocity. Against 3 similar active listings in BARTON CREEK NORTH RIM, this price point lands at the most expensive of 3 comparable homes on the market. This home's larger footprint (343 sqft vs the comp average) plays a role in how the market prices it. The 0.97 acre lot (larger than the 0.78 acre average) is reflected in the estimate. With 7 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