After adjusting 4 comparable sales for differences in size, age, and features, this home's estimated value is $1,153,294. Pricing this home between $855,000 and $865,000 would put it in the competitive sweet spot for SHIERLOW. Relative to what's currently available in SHIERLOW, this home would be the 2nd least expensive of 7 comparable homes on the market. The larger floor plan (140 sqft compared to the average comp) is a meaningful differentiator in this price range. Buyers in SHIERLOW have 7 comparable options right now, with asking prices between $745,000 and $1,875,000. Market data shows 78703 prices risen 5.8% over the last half year. The closest comparable sale, 1513 Westover RD, Austin TX 78703 at an adjusted $1,377,914, is with a smaller floor plan. With 4 comparable sales in SHIERLOW, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
