Taking into account 4 nearby comparable sales, this property's estimated value comes to $2,907,694. If we were to list this property today, I'd recommend a list price in the $5,596,000 to $6,468,000 range. This would position the home competitively among 7 active listings in 78703. The 897 sqft size difference versus comparable sales is reflected in the adjusted values. With 7 similar homes currently listed in 78703 (a buyer's market), competition is a factor to consider. The 6 month price trend in 78703: fallen 1.3%. The best comp here is 2204 Meadowbrook DR, Austin TX 78703 at an adjusted value of $2,487,029, with a smaller floor plan and a pool. The strength of this estimate comes from 4 directly comparable sales in 78703. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group
