The estimated value of this property is $3,134,419, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $3,072,000 and $3,197,000. In the current 78731 market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. At 629 sqft larger than the typical comp, the size difference factors into the valuation. The 5.00 acre lot (larger than the 0.55 acre average) is reflected in the estimate. Buyers in 78731 have 7 comparable options right now, with asking prices between $1,695,000 and $12,975,000. Recent trends in 78731 show home values have risen 20.4% since 6 months ago. The most comparable recent sale is 7417 Turnbuoy DR, Austin TX 78730, with an adjusted value of $2,121,575; with a smaller floor plan. Based on 7 relevant data points in 78731, 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
