The market data from 7 similar recent sales in 78731 points to a value of approximately $1,714,891. To sell within a reasonable timeframe at fair market value, the $1,289,000 to $1,299,000 range is where I'd position this. In the current 78731 market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. Being 384 sqft larger than the average comparable sale in this area impacts the per square foot value. The pool is a differentiator here, since 3 of 7 comparable sales didn't include one. With 3 similar homes currently listed in 78731 (a buyer's market), competition is a factor to consider. In 78731, home values have fallen approximately 15.3% over the past 6 months. One of the strongest data points is 6209 Shadow Mountain DR, Austin TX 78731, adjusting to $1,602,273; with a smaller 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