The market data from 7 similar recent sales in SEVEN OAKS points to a value of approximately $3,093,529. To sell within a reasonable timeframe at fair market value, the $1,811,000 to $1,821,000 range is where I'd position this. Among the similar homes currently available in SEVEN OAKS, this price point stands out as competitive. At 454 sqft smaller than the typical comp, the size difference factors into the valuation. The 2017 construction puts this home 8 years newer than the comp average, a factor in the pricing. 2 similar homes are currently available in SEVEN OAKS, creating a balanced market for this price range. One of the strongest data points is 1104 Marly WAY, Austin TX 78733, adjusting to $6,074,898; with a larger floor plan and a pool. 7 comparable transactions in SEVEN OAKS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group