4708 Monte Carmelo PL, Austin TX 78738

The estimated value of this property is $1,686,349, based on 3 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $920,000 and $930,000. Against 5 similar active listings in SPANISH OAKS, this price point lands at the most expensive of 5 comparable homes on the market. At 228 sqft larger than the typical comp, the size difference factors into the valuation. The 0.50 acre lot (larger than the 0.34 acre average) is reflected in the estimate. Right now, 5 similar properties are competing for buyers in SPANISH OAKS, listed between $899,000 and $2,390,000. Recent trends in SPANISH OAKS show home values have risen 31.1% since 6 months ago. The most comparable recent sale is 12012 Beautybrush DR, Austin TX 78738, with an adjusted value of $1,011,186; with a smaller floor plan. Based on 3 relevant data points in SPANISH OAKS, 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