2401 Portofino Ridge DR, Austin TX 78735

The market data from 7 similar recent sales in 78735 points to a value of approximately $4,840,658. To sell within a reasonable timeframe at fair market value, the $6,023,000 to $6,326,000 range is where I'd position this. At this price, the property would be no active comparable homes on the market comparable homes currently on the market in 78735. At 11,021 sqft larger than the typical comp, the size difference factors into the valuation. At 4.05 acres, the lot is larger than the 1.06 acre comp average, which factors into pricing. In 78735, home values have fallen approximately 13.1% over the past 6 months. One of the strongest data points is 8609 Navidad DR, Austin TX 78735, adjusting to $7,629,600; with a smaller floor plan. 7 comparable transactions in 78735 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group