16000 Pontevedra PL, Austin TX 78738

Reviewing the most recent comparable transactions, this home's market value falls around $4,026,146. For a well positioned listing in SPANISH OAKS, I'd target the $2,480,000 to $2,490,000 range. Against 4 similar active listings in SPANISH OAKS, this price point lands at the most expensive of 4 comparable homes on the market. This home's larger footprint (427 sqft vs the comp average) plays a role in how the market prices it. At 1.04 acres, the lot is larger than the 0.87 acre comp average, which factors into pricing. With 4 similar homes currently listed in SPANISH OAKS (a buyer's market), competition is a factor to consider. Recent trends in SPANISH OAKS show home values have fallen 14.9% since 6 months ago. The most comparable recent sale is 12625 Maidenhair LN # 27, Bee Cave TX 78738, with an adjusted value of $3,984,546; with a smaller floor plan. The 6 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