Based on 3 closed sales in DAVENPORT RANCH, the data points to a value around $1,657,194 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $2,172,000 to $2,356,000. This pricing would rank the home as the most affordable of 7 comparable homes on the market in DAVENPORT RANCH's current inventory. At 289 sqft smaller than the typical comp, the size difference factors into the valuation. Being built in 1984 (5 years older than comps) is factored into the value estimate. With 7 similar homes currently listed in DAVENPORT RANCH (a buyer's market), competition is a factor to consider. Market data shows DAVENPORT RANCH prices risen 36.7% over the last half year. The closest comparable sale, 5900 Carry Back LN, Austin TX 78746 at an adjusted $1,737,514, is with a smaller floor plan and a pool. This estimate draws on 3 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus