The estimated value of this property is $1,040,290, based on 6 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $1,056,000 and $1,255,000. In the current RIVER PLACE market with 5 similar homes available, this price represents the 3rd most expensive of 5 comparable homes on the market. This home's larger footprint (167 sqft vs the comp average) plays a role in how the market prices it. Built in 2006, this home is 8 years newer than the average comp, which is reflected in the adjustments. The active market in RIVER PLACE includes 5 comparable homes priced from $949,000 to $1,599,000. Recent trends in RIVER PLACE show home values have fallen 5.4% since 6 months ago. The most comparable recent sale is 5100 Hadle CV, Austin TX 78730, with an adjusted value of $982,912; a strong comparable. Based on 6 relevant data points in RIVER PLACE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX
