The estimated value of this property is $3,279,907, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $2,784,000 and $2,794,000. Against 6 similar active listings in LAKE SHORE, this price point lands at the 3rd least expensive of 6 comparable homes on the market. Built in 2013, this home is 9 years newer than the average comp, which is reflected in the adjustments. The 0.85 acre lot (smaller than the 0.93 acre average) is reflected in the estimate. There are currently 6 similar homes on the market in LAKE SHORE, ranging from $2,550,000 to $9,950,000. Recent trends in 78746 show home values have risen 8.1% since 6 months ago. The most comparable recent sale is 4800 Toreador DR, Austin TX 78746, with an adjusted value of $3,172,202; with a smaller floor plan and a pool. Based on 7 relevant data points in LAKE SHORE, 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