Reviewing the most recent comparable transactions, this home's market value falls around $2,009,921. For a well positioned listing in 78703, I'd target the $1,233,000 to $1,243,000 range. With 4 comparable homes on the market in 78703, this price positions the property as the most expensive of 4 comparable homes on the market. Being 101 sqft larger than the average comparable sale in this area impacts the per square foot value. The 2011 construction puts this home 7 years older than the comp average, a factor in the pricing. The active market in 78703 includes 4 comparable homes priced from $1,279,000 to $2,350,000. Recent trends in 78703 show home values have fallen 6.6% since 6 months ago. The most comparable recent sale is 1807 W 37th ST, Austin TX 78731, with an adjusted value of $2,479,698; with a larger floor plan. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
