The market data from 5 similar recent sales in 78703 points to a value of approximately $2,009,766. To sell within a reasonable timeframe at fair market value, the $1,456,000 to $1,466,000 range is where I'd position this. Against 5 similar active listings in 78703, this price point lands at the 2nd most expensive of 5 comparable homes on the market. At 211 sqft smaller than the typical comp, the size difference factors into the valuation. Current inventory shows 5 comparable homes in 78703; a buyer's market based on recent absorption. In 78703, home values have risen approximately 10.3% over the past 6 months. One of the strongest data points is 2413 Sharon LN, Austin TX 78703, adjusting to $1,553,561; with a smaller floor plan. 5 comparable transactions in 78703 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
