Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $4,011,364. To generate strong buyer interest while maximizing value, I'd price this between $4,893,000 and $5,454,000. Against 7 similar active listings in 78703, this price point lands at the most affordable of 7 comparable homes on the market. At 176 sqft larger than the typical comp, the size difference factors into the valuation. The 2019 construction puts this home 6 years newer than the comp average, a factor in the pricing. The active market in 78703 includes 7 comparable homes priced from $4,250,000 to $7,425,000. The trend in 78703 shows prices have fallen 9.3% in the past 6 months. 2701 Greenlee DR, Austin TX 78703 nearby adjusts to $4,232,204; with a smaller floor plan and a pool. 7 comparable transactions in 78703 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
