The estimated value of this property is $1,122,728, based on 4 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $934,000 and $944,000. In the current RIVER PLACE market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. This home's larger footprint (120 sqft vs the comp average) plays a role in how the market prices it. Built in 2006, this home is 7 years newer than the average comp, which is reflected in the adjustments. The active market in RIVER PLACE includes 3 comparable homes priced from $899,000 to $999,000. Recent trends in RIVER PLACE show home values have risen 22.7% since 6 months ago. The most comparable recent sale is 3504 Josh LN, Austin TX 78730, with an adjusted value of $1,339,825; with a larger floor plan. Based on 4 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
