My analysis of 7 comparable properties puts this home's estimated value at $994,091. Based on how the local market is moving, a list price between $1,213,000 and $1,597,000 would position this home well. Relative to what's currently available in RIVERCREST, this home would be the most affordable of 3 comparable homes on the market. At 5 years newer than typical comps, the 1981 build date influences the valuation. The larger lot (0.75 acres versus the area average of 0.54) contributes to the valuation. 3 similar homes are currently available in RIVERCREST, creating a buyer's market for this price range. The 6 month price trend in 78746: risen 2.6%. The best comp here is 4231 Westlake DR, Austin TX 78746 at an adjusted value of $630,788, a strong comparable. With 7 comparable sales in RIVERCREST, 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
