After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $2,255,556. Pricing this home between $1,981,000 and $1,991,000 would put it in the competitive sweet spot for TOBIN & JOHNSON. This would position the home competitively among 7 active listings in TOBIN & JOHNSON. The 931 sqft size difference versus comparable sales is reflected in the adjusted values. At 23 years older than typical comps, the 1947 build date influences the valuation. There are currently 7 similar homes on the market in TOBIN & JOHNSON, ranging from $1,850,000 to $3,775,000. Market data shows TOBIN & JOHNSON prices fallen 32.8% over the last half year. The closest comparable sale, 3315 Cherry LN, Austin TX 78703 at an adjusted $1,793,350, is with a smaller floor plan. With 7 comparable sales in TOBIN & JOHNSON, 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