17002 Splendor PASS, Austin TX 78738

Reviewing the most recent comparable transactions, this home's market value falls around $1,521,077. For a well positioned listing in MAJESTIC HILLS RANCHETTES, I'd target the $1,311,000 to $1,321,000 range. With 7 comparable homes on the market in MAJESTIC HILLS RANCHETTES, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. The larger floor plan (389 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1995 construction puts this home 8 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in MAJESTIC HILLS RANCHETTES; a balanced market based on recent absorption. Recent trends in 78738 show home values have risen 4.1% since 6 months ago. The most comparable recent sale is 2 Heatherbloom LN, The Hills TX 78738, with an adjusted value of $1,521,359; with a larger floor plan and a pool. 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