My analysis of 5 comparable properties puts this home's estimated value at $723,210. Based on how the local market is moving, a list price between $702,000 and $745,000 would position this home well. Relative to what's currently available in ESTATES BAUERLE RANCH, this home would be the 2nd most expensive of 3 comparable homes on the market. The 117 sqft size difference versus comparable sales is reflected in the adjusted values. The smaller lot (0.21 acres versus the area average of 0.28) contributes to the valuation. The active market in ESTATES BAUERLE RANCH includes 3 comparable homes priced from $699,000 to $945,000. The 6 month price trend in 78748: fallen 4.7%. The best comp here is 11508 Arroyo Blanco DR, Austin TX 78748 at an adjusted value of $700,363, with a larger floor plan and a pool. With 5 comparable sales in ESTATES BAUERLE RANCH, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
