Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $2,526,530. To generate strong buyer interest while maximizing value, I'd price this between $2,593,000 and $3,227,000. At this price, the property would be the most affordable of 2 comparable homes on the market comparable homes currently on the market in MADRONE RANCH. This home's larger footprint (2,124 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 2 comparable options right now, with asking prices between $3,750,000 and $5,875,000. The trend in 78738 shows prices have fallen 4.5% in the past 6 months. 8309 Verde Mesa CV, Austin TX 78738 nearby adjusts to $2,538,826; 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
