The comparable sales data (7 recent transactions in MONTE VISTA) supports an estimated value of $3,304,760. The data suggests a list price between $2,201,000 and $2,211,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in MONTE VISTA, this home would be the 4th most expensive of 7 comparable homes on the market. A pool adds market appeal. Only 7 minus 2 of the comps had one. Being built in 1940 (62 years older than comps) is factored into the value estimate. With 7 similar homes currently listed in MONTE VISTA (a buyer's market), competition is a factor to consider. Prices in 78703 have fallen 9.3% over the last 6 months. A similar home at 2701 Greenlee DR, Austin TX 78703 carries an adjusted comparable value of $3,535,370, providing a strong data point. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus