Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $699,202. To generate strong buyer interest while maximizing value, I'd price this between $834,000 and $841,000. In the current ROYAL OAK ESTATES market with 4 similar homes available, this price represents the 2nd least expensive of 4 comparable homes on the market. The 177 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.27 acres, the lot is larger than the 0.22 acre comp average, which factors into pricing. There are currently 4 similar homes on the market in ROYAL OAK ESTATES, ranging from $625,000 to $995,000. The trend in ROYAL OAK ESTATES shows prices have risen 15.6% in the past 6 months. 5500 Mapleleaf DR, Austin TX 78723 nearby adjusts to $768,036; with a smaller floor plan. 7 comparable transactions in ROYAL OAK ESTATES 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