The comparable sales data (5 recent transactions in TIERRA MADRONES) supports an estimated value of $3,558,822. The data suggests a list price between $2,904,000 and $2,914,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in TIERRA MADRONES, this home would be the most expensive of 3 comparable homes on the market. This home's larger footprint (107 sqft vs the comp average) plays a role in how the market prices it. Being built in 2006 (5 years newer than comps) is factored into the value estimate. Buyers in TIERRA MADRONES have 3 comparable options right now, with asking prices between $2,750,000 and $3,997,000. Prices in 78746 have risen 2% over the last 6 months. A similar home at 2809 Waterbank CV, Austin TX 78746 carries an adjusted comparable value of $3,941,135, providing a strong data point. This estimate draws on 5 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
