My analysis of 7 comparable properties puts this home's estimated value at $1,138,390. Based on how the local market is moving, a list price between $1,475,000 and $2,632,000 would position this home well. This pricing would rank the home as the most affordable of 3 comparable homes on the market in FALCONHEAD's current inventory. Being 2,509 sqft larger than the average comparable sale in this area impacts the per square foot value. The larger lot (0.36 acres versus the area average of 0.27) contributes to the valuation. There are currently 3 similar homes on the market in FALCONHEAD, ranging from $2,875,000 to $3,250,000. The 6 month price trend in FALCONHEAD: fallen 10.6%. The best comp here is 4105 Vail DV, Austin TX 78738 at an adjusted value of $1,276,228, with a smaller floor plan. The comp data here (7 sales in FALCONHEAD) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus
