Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $4,805,153. I'd recommend coming to market at $5,067,000 to $5,599,000 to strike the right balance between value and market velocity. With 2 comparable homes on the market in WESTVIEW, this price positions the property as the most expensive of 2 comparable homes on the market. At 294 sqft smaller 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 2 comparable homes priced from $4,495,000 to $8,350,000. The trend in WESTVIEW shows prices have risen 83.4% in the past 6 months. 3806 Spirit Lake CV, Austin TX 78746 nearby adjusts to $5,066,778; 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