Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $2,491,143. To generate strong buyer interest while maximizing value, I'd price this between $4,017,000 and $4,212,000. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in MADRONE RANCH. This home's larger footprint (2,065 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 3 comparable options right now, with asking prices between $3,750,000 and $8,300,000. The trend in 78738 shows prices have risen 3.7% in the past 6 months. 18433 Flagler DR, Austin TX 78738 nearby adjusts to $4,016,998; a strong comparable. 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
