The estimated value of this property is $3,465,055, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $5,483,000 and $6,329,000. In the current BRYKERWOODS market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. The larger floor plan (1,397 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.15 acre lot (smaller than the 0.25 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in BRYKERWOODS, listed between $3,350,000 and $14,950,000. Recent trends in 78703 show home values have fallen 9.8% since 6 months ago. The most comparable recent sale is 2204 Meadowbrook DR, Austin TX 78703, with an adjusted value of $2,551,928; with a smaller floor plan and a pool. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
