The estimated value of this property is $2,942,206, based on 3 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $3,149,000 and $3,809,000. In the current BARTON CREEK SEC market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. At 232 sqft smaller than the typical comp, the size difference factors into the valuation. The 1.07 acre lot (larger than the 1.00 acre average) is reflected in the estimate. There are currently 3 similar homes on the market in BARTON CREEK SEC, ranging from $2,995,000 to $4,250,000. Recent trends in BARTON CREEK SEC show home values have risen 15.7% since 6 months ago. The most comparable recent sale is 4220 Verano DR, Austin TX 78735, with an adjusted value of $3,149,391; with a larger floor plan and a pool. Based on 3 relevant data points in BARTON CREEK SEC, 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
