The market data from 3 similar recent sales in WESTLAKE HIGHLANDS points to a value of approximately $3,476,019. To sell within a reasonable timeframe at fair market value, the $3,406,000 to $3,546,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 3 comparable homes on the market comparable homes currently on the market in WESTLAKE HIGHLANDS. At 449 sqft smaller than the typical comp, the size difference factors into the valuation. The 2012 construction puts this home 5 years older than the comp average, a factor in the pricing. Buyers in WESTLAKE HIGHLANDS have 3 comparable options right now, with asking prices between $3,100,000 and $9,995,000. In WESTLAKE HIGHLANDS, home values have risen approximately 124.7% over the past 6 months. One of the strongest data points is 2102 N Oak Canyon RD, Austin TX 78746, adjusting to $2,168,033; with a larger floor plan and a pool. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group