Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,521,820. To generate strong buyer interest while maximizing value, I'd price this between $1,072,000 and $1,082,000. With 6 comparable homes on the market in DAVENPORT RANCH, this price positions the property as the 3rd least expensive of 6 comparable homes on the market. This home's smaller footprint (1,057 sqft vs the comp average) plays a role in how the market prices it. The pool is a differentiator here, since 2 of 7 comparable sales didn't include one. There are currently 6 similar homes on the market in DAVENPORT RANCH, ranging from $949,000 to $2,297,000. The trend in DAVENPORT RANCH shows prices have risen 34.5% in the past 6 months. 3503 Needles DR, Austin TX 78746 nearby adjusts to $1,620,170; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group