4400 Michaels CV, Austin TX 78746

My analysis of 6 comparable properties puts this home's estimated value at $3,261,781. Based on how the local market is moving, a list price between $4,430,000 and $4,755,000 would position this home well. This pricing would rank the home as the 2nd least expensive of 7 comparable homes on the market in RIVER COVE's current inventory. The larger floor plan (305 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (1.74 acres versus the area average of 1.13) contributes to the valuation. The active market in RIVER COVE includes 7 comparable homes priced from $3,250,000 to $5,250,000. The 6 month price trend in 78746: risen 7.8%. The best comp here is 4800 Toreador DR, Austin TX 78746 at an adjusted value of $3,409,959, with a smaller floor plan. With 6 comparable sales in RIVER COVE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group