Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $4,289,209. I'd recommend coming to market at $2,745,000 to $2,755,000 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 most expensive of 7 comparable homes on the market. At 243 sqft smaller than the typical comp, the size difference factors into the valuation. The 3.30 acre lot (larger than the 1.80 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in BARTON CREEK ABC WEST; a buyer's market based on recent absorption. The trend in 78735 shows prices have fallen 5.1% in the past 6 months. 4601 Peralta LN, Austin TX 78735 nearby adjusts to $4,552,580; with a larger floor plan and a pool. Based on 3 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
