After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $2,767,794. Pricing this home between $1,602,000 and $1,612,000 would put it in the competitive sweet spot for SPANISH OAKS. This would position the home competitively among 4 active listings in SPANISH OAKS. Having a pool is a plus; 2 of the 7 comps lacked one. At 11 years older than typical comps, the 2004 build date influences the valuation. Right now, 4 similar properties are competing for buyers in SPANISH OAKS, listed between $1,499,000 and $2,200,000. Market data shows SPANISH OAKS prices fallen 6.3% over the last half year. The closest comparable sale, 5005 Spanish Oaks Club BLVD, Austin TX 78738 at an adjusted $2,283,546, is with a smaller floor plan. The comp data here (7 sales in SPANISH OAKS) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus