The estimated value of this property is $2,660,447, based on 5 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $3,792,000 and $4,036,000. Among the similar homes currently available in 78703, this price point stands out as competitive. This home's larger footprint (571 sqft vs the comp average) plays a role in how the market prices it. The 0.38 acre lot (larger than the 0.31 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in 78703, listed between $2,760,000 and $6,500,000. Recent trends in 78703 show home values have risen 16.2% since 6 months ago. The most comparable recent sale is 2806 Robbs RUN, Austin TX 78703, with an adjusted value of $2,831,732; with a smaller floor plan. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group