The estimated value of this property is $4,283,508, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $2,301,000 and $2,311,000. In the current 78731 market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. At 597 sqft larger than the typical comp, the size difference factors into the valuation. The pool is a standout feature, with 2 of 7 comparable homes not offering one. Buyers in 78731 have 7 comparable options right now, with asking prices between $2,049,000 and $12,475,000. Recent trends in 78731 show home values have risen 5.6% since 6 months ago. The most comparable recent sale is 4908 Beverly Skyline, Austin TX 78731, with an adjusted value of $3,443,120; 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
