After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $992,708. Pricing this home between $850,000 and $860,000 would put it in the competitive sweet spot for 78737. This pricing would rank the home as below the only comparable home currently on the market in 78737's current inventory. At 6 years older than typical comps, the 2003 build date influences the valuation. The larger lot (2.69 acres versus the area average of 1.73) contributes to the valuation. Current inventory shows 1 comparable homes in 78737; a balanced market based on recent absorption. Market data shows 78737 prices risen 1.3% over the last half year. The closest comparable sale, 370 Ledge Stone DR, Austin TX 78737 at an adjusted $725,048, is a strong comparable. The comp data here (7 sales in 78737) 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