17137 Majestic Ridge RD, Austin TX 78738

After reviewing 7 recent transactions in 78738, I estimate this property's value at $946,618. A competitive list price for this home right now would fall in the $1,828,000 to $2,176,000 range. Relative to what's currently available in 78738, this home would be the most affordable of 7 comparable homes on the market. The larger floor plan (2,769 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (3.01 acres versus the area average of 0.40) contributes to the valuation. The active market in 78738 includes 7 comparable homes priced from $1,399,999 to $3,950,000. Prices in 78738 have fallen 5.5% over the last 6 months. A similar home at 713 Sunfish ST, Lakeway TX 78734 carries an adjusted comparable value of $1,002,000, providing a strong data point. The comp data here (7 sales in 78738) 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