Based on 5 closed sales in DAVENPORT RANCH, the data points to a value around $2,838,283 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $2,241,000 to $2,251,000. This home's position in the current DAVENPORT RANCH market: the 2nd most expensive of 4 comparable homes on the market among comparable properties. The 300 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 2011 (12 years newer than comps) is factored into the value estimate. The active market in DAVENPORT RANCH includes 4 comparable homes priced from $2,195,000 to $5,250,000. Market data shows DAVENPORT RANCH prices risen 36.7% over the last half year. The closest comparable sale, 2522 Waymaker WAY, Austin TX 78746 at an adjusted $3,279,230, is a strong comparable. The strength of this estimate comes from 5 directly comparable sales in DAVENPORT RANCH. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group
