The comparable sales data (7 recent transactions in GARDEN OAKS) supports an estimated value of $1,666,172. The data suggests a list price between $2,084,000 and $2,324,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in GARDEN OAKS, this home would be the most affordable of 7 comparable homes on the market. At 352 sqft larger than the typical comp, the size difference factors into the valuation. Lot size matters here: 0.23 acres versus 0.17 for the typical comp. 7 similar homes are currently available in GARDEN OAKS, creating a buyer's market for this price range. Prices in GARDEN OAKS have fallen 24.3% over the last 6 months. A similar home at 3102 Garden Villa LN, Austin TX 78704 carries an adjusted comparable value of $2,083,661, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in GARDEN OAKS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group