The market data from 7 similar recent sales in FALCONHEAD points to a value of approximately $1,218,468. To sell within a reasonable timeframe at fair market value, the $1,033,000 to $1,043,000 range is where I'd position this. In the current FALCONHEAD market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. The larger floor plan (197 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2013 construction puts this home 5 years newer than the comp average, a factor in the pricing. Buyers in FALCONHEAD have 7 comparable options right now, with asking prices between $899,900 and $4,750,000. In FALCONHEAD, home values have fallen approximately 9.5% over the past 6 months. One of the strongest data points is 4105 Vail DV, Austin TX 78738, adjusting to $1,247,074; with a smaller floor plan. 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
