Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $2,551,276. To generate strong buyer interest while maximizing value, I'd price this between $2,475,000 and $2,628,000. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in MADRONE RANCH. This home's larger footprint (2,168 sqft vs the comp average) plays a role in how the market prices it. The pool is a differentiator here, since 1 of 7 comparable sales didn't include one. Buyers in MADRONE RANCH have 1 comparable options right now, with asking prices between $3,850,000 and $3,850,000. The trend in 78738 shows prices have risen 6.9% in the past 6 months. 18601 Madrone Vista DR, Austin TX 78738 nearby adjusts to $2,969,702; 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
