The estimated value of this property is $1,431,010, based on 6 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $1,371,000 and $1,438,000. Against 7 similar active listings in STEINER RANCH, this price point lands at the 2nd most expensive of 7 comparable homes on the market. The larger floor plan (277 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.29 acre lot (smaller than the 0.33 acre average) is reflected in the estimate. The active market in STEINER RANCH includes 7 comparable homes priced from $1,145,000 to $1,740,000. Recent trends in STEINER RANCH show home values have risen 4.4% since 6 months ago. The most comparable recent sale is 600 Emerald Ridge DR, Austin TX 78732, with an adjusted value of $1,370,719; with a smaller floor plan. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group