Reviewing the most recent comparable transactions, this home's market value falls around $3,535,061. For a well positioned listing in MOUNTAIN LAUREL, I'd target the $2,172,000 to $2,182,000 range. With 5 comparable homes on the market in MOUNTAIN LAUREL, this price positions the property as the most expensive of 5 comparable homes on the market. The 104 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.30 acres, the lot is larger than the 0.24 acre comp average, which factors into pricing. There are currently 5 similar homes on the market in MOUNTAIN LAUREL, ranging from $1,995,000 to $4,495,000. Recent trends in 78703 show home values have fallen 9.3% since 6 months ago. The most comparable recent sale is 2207 Bowman Ave, Austin TX 78703, with an adjusted value of $3,018,784; with a smaller floor plan. The 5 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
