Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,367,314. I'd recommend coming to market at $1,642,000 to $1,950,000 to strike the right balance between value and market velocity. At this price, the property would be the most affordable of 4 comparable homes on the market comparable homes currently on the market in POLO CLUB. At 539 sqft larger than the typical comp, the size difference factors into the valuation. The pool is a standout feature, with 3 of 7 comparable homes not offering one. With 4 similar homes currently listed in POLO CLUB (a balanced market), competition is a factor to consider. The trend in 78737 shows prices have risen 4.9% in the past 6 months. 115 Heritage DR, Austin TX 78737 nearby adjusts to $1,368,613; with a smaller floor plan. Based on 7 relevant data points in POLO CLUB, 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
