Based on 4 closed sales in SPANISH OAKS, the data points to a value around $3,322,707 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $2,255,000 to $2,265,000. Buyers shopping in SPANISH OAKS right now would see this as a well positioned option among 3 comparable homes. At 202 sqft smaller than the typical comp, the size difference factors into the valuation. Lot size matters here: 1.06 acres versus 1.09 for the typical comp. Right now, 3 similar properties are competing for buyers in SPANISH OAKS, listed between $2,325,000 and $4,995,000. Market data shows SPANISH OAKS prices risen 31.1% over the last half year. The closest comparable sale, 12625 Maidenhair LN # 27, Bee Cave TX 78738 at an adjusted $3,533,892, is with a smaller floor plan and a pool. This estimate draws on 4 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
