The comparable sales data (7 recent transactions in RIVER BEND) supports an estimated value of $1,182,296. The data suggests a list price between $1,418,000 and $1,505,000 would attract qualified buyers without leaving money on the table. Buyers shopping in RIVER BEND right now would see this as a well positioned option among 2 comparable homes. This home's larger footprint (5,333 sqft vs the comp average) plays a role in how the market prices it. Being built in 2014 (8 years newer than comps) is factored into the value estimate. Buyers in RIVER BEND have 2 comparable options right now, with asking prices between $12,900,000 and $20,000,000. Prices in RIVER BEND have fallen 5% over the last 6 months. A similar home at 13105 Appaloosa Chase DR, Austin TX 78732 carries an adjusted comparable value of $924,750, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in RIVER BEND. 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
