After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $1,651,529. Pricing this home between $1,281,000 and $1,291,000 would put it in the competitive sweet spot for OAKMONT HEIGHTS ANNEX. Relative to what's currently available in OAKMONT HEIGHTS ANNEX, this home would be the 3rd most expensive of 7 comparable homes on the market. Being 258 sqft larger than the average comparable sale in this area impacts the per square foot value. At 7 years older than typical comps, the 2004 build date influences the valuation. 7 similar homes are currently available in OAKMONT HEIGHTS ANNEX, creating a buyer's market for this price range. Market data shows 78731 prices fallen 15.3% over the last half year. The closest comparable sale, 1600 W 39th 1/2 ST, Austin TX 78756 at an adjusted $1,530,976, is with a smaller floor plan. With 3 comparable sales in OAKMONT HEIGHTS ANNEX, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group