Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,231,623. To generate strong buyer interest while maximizing value, I'd price this between $1,073,000 and $1,083,000. With 7 comparable homes on the market in RIDGE ALTA VISTA, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The larger floor plan (190 sqft compared to the average comp) is a meaningful differentiator in this price range. The pool is a differentiator here, since 4 of 7 comparable sales didn't include one. 7 similar homes are currently available in RIDGE ALTA VISTA, creating a balanced market for this price range. The trend in RIDGE ALTA VISTA shows prices have risen 9.4% in the past 6 months. 201 Aria DR, Lakeway TX 78738 nearby adjusts to $1,160,740; with a smaller floor plan. 7 comparable transactions in RIDGE ALTA VISTA support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
