Based on 7 closed sales in SPANISH OAKS, the data points to a value around $3,629,716 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $2,922,000 to $2,932,000. Buyers shopping in SPANISH OAKS right now would see this as a well positioned option among 3 comparable homes. At 222 sqft larger than the typical comp, the size difference factors into the valuation. Being built in 2008 (5 years older than comps) is factored into the value estimate. Right now, 3 similar properties are competing for buyers in SPANISH OAKS, listed between $2,999,500 and $9,800,000. Market data shows SPANISH OAKS prices fallen 7.8% over the last half year. The closest comparable sale, 12625 Maidenhair LN # 27, Bee Cave TX 78738 at an adjusted $3,534,228, is with a smaller floor plan and a pool. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus
