After adjusting 5 comparable sales for differences in size, age, and features, this home's estimated value is $1,147,097. Pricing this home between $856,000 and $866,000 would put it in the competitive sweet spot for SHIERLOW. Relative to what's currently available in SHIERLOW, this home would be the most expensive of 3 comparable homes on the market. The larger floor plan (200 sqft compared to the average comp) is a meaningful differentiator in this price range. Buyers in SHIERLOW have 3 comparable options right now, with asking prices between $745,000 and $1,600,000. Market data shows 78703 prices fallen 5.4% over the last half year. The closest comparable sale, 3700 Bonnie RD, Austin TX 78703 at an adjusted $1,096,798, is with a larger floor plan and a pool. With 5 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
