The market data from 7 similar recent sales in VILLAGE points to a value of approximately $851,114. To sell within a reasonable timeframe at fair market value, the $1,866,000 to $1,906,000 range is where I'd position this. Among the similar homes currently available in VILLAGE, this price point stands out as competitive. Being 1,992 sqft larger than the average comparable sale in this area impacts the per square foot value. The 2007 construction puts this home 31 years newer than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in VILLAGE, listed between $1,575,000 and $2,695,000. In VILLAGE, home values have fallen approximately 8.7% over the past 6 months. One of the strongest data points is 7 Treemont DR, Austin TX 78746, adjusting to $1,345,103; with a smaller floor plan. 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
