The estimated value of this property is $2,438,375, based on 3 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $1,480,000 and $1,490,000. Among the similar homes currently available in SPANISH OAKS, this price point stands out as competitive. Being 140 sqft larger than the average comparable sale in this area impacts the per square foot value. The 0.84 acre lot (smaller than the 0.93 acre average) is reflected in the estimate. 7 similar homes are currently available in SPANISH OAKS, creating a buyer's market for this price range. Recent trends in SPANISH OAKS show home values have fallen 36% since 6 months ago. The most comparable recent sale is 12129 Musket Rim ST, Austin TX 78738, with an adjusted value of $2,111,983; with a smaller floor plan and a pool. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
