4 recent sales within a mile of this address suggest a current value of $4,918,862. My recommended list price range for this property would be $5,556,000 to $5,585,000. With 3 comparable homes on the market in PRESERVE, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. At 672 sqft larger than the typical comp, the size difference factors into the valuation. The pool is a standout feature, with 1 of 4 comparable homes not offering one. With 3 similar homes currently listed in PRESERVE (a buyer's market), competition is a factor to consider. In PRESERVE, home values have fallen approximately 18% over the past 6 months. One of the strongest data points is 3407 Woodcutters WAY, Austin TX 78746, adjusting to $5,584,614; with a larger floor plan and no pool. Based on 4 relevant data points in PRESERVE, 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