After reviewing 3 recent transactions in PATTERSON PLACE, I estimate this property's value at $1,935,490. A competitive list price for this home right now would fall in the $1,474,000 to $1,484,000 range. Relative to what's currently available in PATTERSON PLACE, this home would be the 3rd least expensive of 7 comparable homes on the market. This home's smaller footprint (336 sqft vs the comp average) plays a role in how the market prices it. Having a pool is a plus; 1 of the 3 comps lacked one. The active market in PATTERSON PLACE includes 7 comparable homes priced from $1,300,000 to $3,450,000. Prices in 78746 have risen 7% over the last 6 months. A similar home at 604 N River Hills RD, Austin TX 78733 carries an adjusted comparable value of $2,132,625, providing a strong data point. The comp data here (3 sales in PATTERSON PLACE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus