Taking into account 6 nearby comparable sales, this property's estimated value comes to $538,998. If we were to list this property today, I'd recommend a list price in the $587,000 to $596,000 range. This home's position in the current PRESTON OAKS market: the 4th most expensive of 7 comparable homes on the market among comparable properties. The larger floor plan (207 sqft compared to the average comp) is a meaningful differentiator in this price range. The active market in PRESTON OAKS includes 7 comparable homes priced from $499,000 to $729,000. The 6 month price trend in 78727: fallen 8%. The best comp here is 12801 War PATH, Austin TX 78727 at an adjusted value of $485,649, with a smaller floor plan. The strength of this estimate comes from 6 directly comparable sales in PRESTON OAKS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group