After adjusting 5 comparable sales for differences in size, age, and features, this home's estimated value is $1,295,594. Pricing this home between $641,000 and $651,000 would put it in the competitive sweet spot for VILLAS COMMANDERS POINT CONDO. Relative to what's currently available in VILLAS COMMANDERS POINT CONDO, this home would be the most expensive of 7 comparable homes on the market. The larger floor plan (196 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.47 acres versus the area average of 0.37) contributes to the valuation. 7 similar homes are currently available in VILLAS COMMANDERS POINT CONDO, creating a buyer's market for this price range. Market data shows 78734 prices fallen 6.5% over the last half year. The closest comparable sale, 1905 Big Horn DR, Austin TX 78734 at an adjusted $2,876,810, is a strong comparable. With 5 comparable sales in VILLAS COMMANDERS POINT CONDO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
