Reviewing the most recent comparable transactions, this home's market value falls around $3,277,687. For a well positioned listing in PEMBERTON HEIGHTS, I'd target the $3,179,000 to $3,376,000 range. In the current PEMBERTON HEIGHTS market with 4 similar homes available, this price represents the 2nd least expensive of 4 comparable homes on the market. This home's larger footprint (450 sqft vs the comp average) plays a role in how the market prices it. At 0.37 acres, the lot is larger than the 0.31 acre comp average, which factors into pricing. There are currently 4 similar homes on the market in PEMBERTON HEIGHTS, ranging from $3,500,000 to $6,495,000. Recent trends in 78703 show home values have fallen 9.3% since 6 months ago. The most comparable recent sale is 1304 Gaston Ave, Austin TX 78703, with an adjusted value of $3,412,869; with a larger floor plan and a pool. The 4 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