The estimated value of this property is $1,373,471, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $1,123,000 and $1,133,000. Against 7 similar active listings in M S, this price point lands at the 4th most expensive of 7 comparable homes on the market. The 106 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 2022, this home is 36 years newer than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in M S, listed between $1,090,000 and $1,629,000. Recent trends in 78704 show home values have fallen 5.2% since 6 months ago. The most comparable recent sale is 2311 Montclaire ST # 2, Austin TX 78704, with an adjusted value of $1,006,503; with a smaller floor plan. Based on 7 relevant data points in M S, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX