Based on what similar homes have actually sold for within a mile, I'd place this property's value at $4,667,522. I'd recommend coming to market at $7,288,000 to $8,102,000 to strike the right balance between value and market velocity. With 4 comparable homes on the market in WESTVIEW, this price positions the property as the most affordable of 4 comparable homes on the market. At 154 sqft larger than the typical comp, the size difference factors into the valuation. The pool is a standout feature, with 1 of 7 comparable homes not offering one. The active market in WESTVIEW includes 4 comparable homes priced from $6,970,000 to $17,499,000. The trend in WESTVIEW shows prices have fallen 30.1% in the past 6 months. 3806 Spirit Lake CV, Austin TX 78746 nearby adjusts to $5,061,950; with a larger floor plan. Based on 7 relevant data points in WESTVIEW, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX