4721 Monte Carmelo PL, Austin TX 78738

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $2,387,610. I'd recommend coming to market at $1,431,000 to $1,441,000 to strike the right balance between value and market velocity. Against 5 similar active listings in SPANISH OAKS, this price point lands at the most expensive of 5 comparable homes on the market. Being 131 sqft larger than the average comparable sale in this area impacts the per square foot value. The 0.45 acre lot (larger than the 0.41 acre average) is reflected in the estimate. Right now, 5 similar properties are competing for buyers in SPANISH OAKS, listed between $1,500,000 and $2,390,000. The trend in SPANISH OAKS shows prices have risen 31.1% in the past 6 months. 12625 Maidenhair LN # 36, Austin TX 78738 nearby adjusts to $2,505,302; a strong comparable. 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