After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $2,573,683. Pricing this home between $1,119,000 and $1,129,000 would put it in the competitive sweet spot for SPANISH OAKS. This would position the home competitively among 6 active listings in SPANISH OAKS. At 151 sqft larger than the typical comp, the size difference factors into the valuation. At 8 years older than typical comps, the 2007 build date influences the valuation. Right now, 6 similar properties are competing for buyers in SPANISH OAKS, listed between $999,999 and $3,495,000. Market data shows SPANISH OAKS prices fallen 10.8% over the last half year. The closest comparable sale, 12625 Maidenhair LN # 36, Austin TX 78738 at an adjusted $2,418,913, is with a smaller floor plan. With 7 comparable sales in SPANISH OAKS, 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