My analysis of 4 comparable properties puts this home's estimated value at $1,615,911. Based on how the local market is moving, a list price between $1,808,000 and $1,887,000 would position this home well. This pricing would rank the home as the most affordable of 3 comparable homes on the market in SHOAL's current inventory. The larger floor plan (216 sqft compared to the average comp) is a meaningful differentiator in this price range. Buyers in SHOAL have 3 comparable options right now, with asking prices between $1,795,000 and $2,299,000. The 6 month price trend in 78731: fallen 15.3%. The best comp here is 4607 Finley DR, Austin TX 78731 at an adjusted value of $1,751,178, with a smaller floor plan and a pool. The comp data here (4 sales in SHOAL) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus