Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $2,797,492. I'd recommend coming to market at $3,556,000 to $3,606,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in BARTON CREEK ABC WEST, this price positions the property as the 4th most expensive of 7 comparable homes on the market. At 167 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2017, this home is 6 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in BARTON CREEK ABC WEST; a balanced market based on recent absorption. The trend in 78735 shows prices have fallen 2.4% in the past 6 months. 1916 Wimberly LN, Austin TX 78735 nearby adjusts to $1,939,493; a strong comparable. Based on 7 relevant data points in BARTON CREEK ABC WEST, 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
