7 recent sales within a mile of this address suggest a current value of $3,281,360. My recommended list price range for this property would be $1,518,000 to $1,528,000. In the current SPANISH OAKS market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. The smaller floor plan (347 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2023, this home is 7 years newer than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in SPANISH OAKS (a buyer's market), competition is a factor to consider. In SPANISH OAKS, home values have risen approximately 31.1% over the past 6 months. One of the strongest data points is 12625 Maidenhair LN # 32, Austin TX 78738, adjusting to $3,589,903; with a smaller floor plan and a pool. With 7 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
