4 recent sales within a mile of this address suggest a current value of $1,141,329. My recommended list price range for this property would be $1,107,000 to $1,176,000. Against 4 similar active listings in RIVER PLACE, this price point lands at the 2nd most expensive of 4 comparable homes on the market. The pool is a standout feature, with 4 of 4 comparable homes not offering one. Built in 2006, this home is 5 years newer than the average comp, which is reflected in the adjustments. With 4 similar homes currently listed in RIVER PLACE (a buyer's market), competition is a factor to consider. In RIVER PLACE, home values have fallen approximately 1.8% over the past 6 months. One of the strongest data points is 5100 Hadle CV, Austin TX 78730, adjusting to $1,107,767; with a smaller floor plan and no pool. With 4 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group