Taking into account 6 nearby comparable sales, this property's estimated value comes to $3,116,193. If we were to list this property today, I'd recommend a list price in the $4,451,000 to $5,294,000 range. This would position the home competitively among 6 active listings in 78703. The 971 sqft size difference versus comparable sales is reflected in the adjusted values. With 6 similar homes currently listed in 78703 (a buyer's market), competition is a factor to consider. The 6 month price trend in 78703: fallen 8.4%. The best comp here is 2204 Meadowbrook DR, Austin TX 78703 at an adjusted value of $2,486,189, with a smaller floor plan and a pool. The strength of this estimate comes from 6 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
