Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $2,608,201. To generate strong buyer interest while maximizing value, I'd price this between $2,686,000 and $2,972,000. At this price, the property would be the 2nd least expensive of 4 comparable homes on the market comparable homes currently on the market in 78735. The larger floor plan (2,275 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2012 construction puts this home 5 years newer than the comp average, a factor in the pricing. There are currently 4 similar homes on the market in 78735, ranging from $2,850,000 to $7,995,000. The trend in 78735 shows prices have fallen 13.9% in the past 6 months. 1200 Barton Creek BLVD # 28, Austin TX 78735 nearby adjusts to $2,398,500; 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
